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7/26/2002
02:09 PM
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Level 3 Bids $1.1B For Bankrupt Rival

Fiber-optic network operator Level 3 Communications Inc. last week made an unsolicited $1.1 billion offer to buy bankrupt carrier Williams Communications Group. Williams hadn't immediately responded to the offer by Level 3, which recently raised a $500 million war chest for acquisitions of troubled telecom companies.

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