D. E. Shaw Group Announces It Will Vote Against Merger of MCI and Verizon.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The D. E. Shaw group today announced its intention to vote its 10,135,319 million shares of MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , Inc. (Nasdaq:MCIP MCIP Meteorology-Chemistry Interface Processor MCIP Member, Canadian Institute of Planners MCIP Maryland College Investment Plan MCIP Mentoring Children of Incarcerated Parents MCIP military command inspection program (US DoD) ) common stock against the company's proposed merger with Verizon Communications Inc. (NYSE NYSE See: New York Stock Exchange :VZ) The proposed merger will be the subject of a special vote at a meeting of MCI stockholders scheduled for October 6, 2005. D. E. Shaw & Co., L.P. believes that the current transaction undervalues MCI and is inadequate given the offers MCI has previously received and rejected. Headquartered in New York, the D. E. Shaw group is a specialized investment and technology development firm whose activities center on various aspects of the intersection between technology and finance. With approximately $17 billion in aggregate capital, the D. E. Shaw group is a recognized leader in the alternative investment management arena and was recently named "Best Alternative Investment House" by Euromoney magazine. |
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