North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical Re: 360networks withdraws plans to acquire NetRail
On Mon, Jun 18, 2001 at 11:39:57AM -0700, Josh Richards wrote: > "360networks today announced it no longer intends to acquire NetRail, a > wholesale Internet service provider, in an all-stock transaction. The > company announced plans to acquire NetRail earlier this year." > > Per the announcement they just sent via e-mail. Looks to be posted on > <URL:http://www.360.net/> as well. This appears to be a very good thing for NetRail. Also from www.360.net: "360networks announced it will not make a US $10.9 million interest payment due today on its 12.5% Senior Notes. Under the terms of the debt, 360networks has another 30 days to make the payment in order to avoid default consequences under the Notes." --msa
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