March 30, 2005
Tulane University Corporate Law Expert Daniel Posin has been consulted frequently by national media about the fate of MCI, Inc. According to the March 30th edition of the Wall Street Journal, MCI "embraced an offer from Verizon for a second time, as its board voted to accept a roughly $7.6 billion bid even though the offer still is about 10% below the value of a rival bid from Qwest Communications International." Professor Posin told the Wall Street Journal that in his opinion, "The better offer is the other offer on the table."
In addition to the Wall Street Journal, Professor Posin has been quoted on the issue in the Globe and Mail and National Post.