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Chicago, April 4 (Reuters): Qwest Communications International Inc, once again in merger discussions with takeover target MCI Inc, on Monday said it had delivered signed financing commitments regarding a potential transaction to MCI?s board.
Denver-based Qwest said in a statement that it has provided to MCI a merger agreement that Qwest is prepared to sign. Qwest said MCI has not agreed to this offer but that it represents a ?superior proposal?.
MCI said on Friday that it had agreed to reopen merger talks with Qwest.
The long-distance phone company has already agreed to be acquired under a sweetened bid from Verizon Communications Inc.
Qwest has also hired a proxy advisor, the Altman Group, that could help it take its takeover effort directly to MCI?s shareholders.
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