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US West merger plans spark stock slump

Financial analysts question the benefits of the multibillion-dollar deal between US West and Global Crossing as the firms' stock prices continue to fall.

 

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Financial analysts question the benefits of the multibillion-dollar deal between US West and Global Crossing as the firms' stock prices continue to fall.

"The market reaction is saying that there is less value in these companies together than there was apart."

- Mel Marten, a research analyst with Edward Jones

 
Wall Street questions US West merger
Analysts say investors aren't looking favorably at the combination of US West and Global Crossing, as US West shares have lost 10 percent of their value since the deal was announced.

Global Crossing, US West to merge Yahoo, AOL still looking for broadband gold
news analysis Analysts say the $37 billion deal between US West and Global Crossing won't offer much to Internet leaders looking for a broadband play in a rapidly consolidating telecommunications industry.

Global Crossing, US West agree to deal
The companies announce plans to merge their two businesses, in a complicated two-part deal that would eventually create a new firm worth close to $75 billion.

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profile In just two years, the Bermuda-based telecom company has swept from obscurity to the top ranks of the international communications business.

US West merger may veer to Wall Street
The $37 billion deal between telcos US West and Global Crossing may bear an unexpected gift for the Internet, some financial analysts say.