MCI Announces Certified Shareholder Vote Results
October 06 2005 - 6:52PM
PR Newswire (US)
Special Dividend to be Paid on October 27, 2005 ASHBURN, Va., Oct.
6 /PRNewswire-FirstCall/ -- MCI, Inc. (NASDAQ:MCIP) today announced
the certified results of its shareholder vote that approved its
merger with Verizon. The company said that the results show 64.6
percent of outstanding shares and 88.2 percent of votes cast were
in favor of the merger. Also today MCI's Board of Directors
declared a special dividend of $5.60 per share in accordance with
the merger agreement. The special dividend will be paid on October
27, 2005 to shareholders of record at the close of business on
October 17, 2005. About MCI MCI, Inc. (NASDAQ:MCIP) is a leading
global communications provider, delivering innovative,
cost-effective, advanced communications connectivity to businesses,
governments and consumers. With one of the most expansive global IP
backbones and wholly-owned data networks, MCI develops the
converged communications products and services that are the
foundation for commerce and communications in today's market. For
more information, go to http://www.mci.com/. This document contains
statements about expected future events and financial results that
are forward-looking and subject to risks and uncertainties. For
those statements, we claim the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The following important factors
could affect future results and could cause those results to differ
materially from those expressed in the forward-looking statements:
a significant change in the timing of, or the imposition of any
government conditions to, the closing of the previously announced
proposed transaction between MCI and Verizon; actual and contingent
liabilities; and the extent and timing of our ability to obtain
revenue enhancements and cost savings following the previously
announced proposed transaction between MCI and Verizon. Additional
factors that may affect the future results of MCI and Verizon are
set forth in their respective filings with the Securities and
Exchange Commission, which are available at
investor.verizon.com/SEC/ and
http://www.mci.com/about/investor_relations/sec/. DATASOURCE: MCI,
Inc. CONTACT: Media: Brad Burns or Peter Lucht, +1-800-644-NEWS, or
Investors: Susan Watson, +1-703-886-5282, all of MCI, Inc. Web
site: http://www.mci.com/
http://www.mci.com/about/investor_relations/sec
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