Court voids SBC-Ameritech merger condition

By Jeremy Pelofsky, InfoWorld |  Business

A Verizon spokeswoman said the company was examining the ruling and that the FCC's merger order approving the Bell Atlantic-GTE deal also had similar language about re-absorbing the affiliate if the court ruled against them.

SBC shares closed up $1-13/16 to $51-15/16 and Verizon shares closed $1-1/4 higher at $55-1/2 on the New York Stock Exchange.

Copyright (c) 2000 Reuters Limited. Reuters content is the intellectual property of Reuters Limited. For additional information on other Reuters Services please visit the Reuters public web site -- http://www.reuters.com.

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