Users' questions

Is MCI WorldCom stock worth anything?

Is MCI WorldCom stock worth anything?

Owners of the old common stock, which trade under the symbols WCOEQ and MCWEQ, will no longer hold any financial claim on the company. “The current shares of Worldcom trading on the Pink Sheets will have no value when we emerge from bankruptcy,” MCI spokeswoman Claire Hassett said.

Is WorldCom publicly traded?

The potato in this case is the current stock for WorldCom Inc., which runs the phone company MCI. Millions of shares of WorldCom’s stock, which is trading over the counter for pennies, are being bought and sold. On July 3, 57 million shares changed hands. On July 7, 65 million shares were traded.

When did WorldCom buy MCI?

January 2006
WorldCom was a leading communications company that was acquired by Verizon Communications in January 2006. Known as MCI at the time of the merger, WorldCom’s network assets are now part of Verizon Enterprise Solutions. WorldCom was originally founded in 1983 as Long Distance Discount Service, Inc.

Who owns MCI?

Verizon Communications
MCI Inc./Parent organizations

What kind of company is MCI WorldCom?

MCI WorldCom is a new kind of communications company. With revenue of more than $30 billion, MCI WorldCom combines financial strength and a depth of resources to pursue the industry’s best growth opportunities with an advanced global network built for the data-intensive era of communications.

What is the stock price of WorldCom Inc?

Prv. Close: Prv. Close: The Prices page of WorldCom Inc.. captures the information on Price and Volume for a user defined time interval. It also contains the Live Stock Price and Volume, 52 Week High Low, Bid and Offer Price and Volume, Intraday and Historical Price Chart.

What’s the price of MCI stock right now?

Investors are already trading shares in MCI in anticipation of the new stock being issued. That means some of the company’s creditors, who will receive stock under the reorganization plan, are already promising to sell their shares to interested investors. As of Monday, the soon-to-be issued stock was trading at $26.70 on the Pink Sheets.

Is the stock of MCI trading on the Pink Sheets?

“The current shares of Worldcom trading on the Pink Sheets will have no value when we emerge from bankruptcy,” MCI spokeswoman Claire Hassett said. Small compensation Common shareholders aren’t