wall street, phones, strikes

MrMedfly at aol.com MrMedfly at aol.com
Thu Jul 30 17:28:13 PDT 1998

According to SEC filing, if either GTE or BA nix the deal now, they have to cough up $1.8 billion in break up fees. GTE shareholders (i.e. institutional investors) may be whining, but their unions are hopeful: they say the merger will accelerate their drive for a natl contract.

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