MCI Inc. could be facing shareholder dissent over its acceptance of an $8.5 billion sale to Verizon Communications Inc., The Wall Street Journal reported on Monday.
Rival bidder Qwest Communications International Inc., which withdrew a $9.9 billion offer last week, was in talks with MCI shareholders and believed there could be enough support to vote down Verizon’s bid, the paper said.
MCI said it had accepted Verizon’s lower price because its large business customers had threatened to defect if it was sold to Qwest.
