[Bayou City]

Posted by Sierra Wasp from another thread...
XO, Icahn to obtain 1/3 of Global Crossing senior debt

There was a FReeper who kept this story alive and well for more than a month or two... Who was it? There is something sinister lurking just beneath the surface with this troubling story that just begs to be uncovered!!!

Following are some older FR links to global crossing.

Global Crossing Bump List

Former Ullico exec refuses to testify to lawmakers (GLOBAL CROSSING, TERRY MCAULIFFE)

[Liz]

If STT's bid for the Global Crossing stake is shot down, that could open the doors for competing bids, and several carriers have expressed interest in getting their hands on the company's global telecommunications network. XO Communications XOCM.OB , which is controlled by financier Carl Icahn, has been the most aggressive suitor, gobbling up Global Crossing's debt and making an unsolicited takeover offer. XO, which has increased four times its offer to acquire Global Crossing's assets or debt, has won the backing of Global Crossing's lenders, but the offers have been rebuffed by the company's management and unsecured creditors.

News report July 12, 2002 In a somewhat less welcome investment, Billionaire financier Carl Icahn reportedly made a $331 million bid to acquire a substantial amount of the bank debt of bankrupt telecommunications firm XO Communications. If the deal were successful, it would make Icahn one of XO’s most senior creditors, giving him considerable say in the company’s future.

[SierraWasp]

Thank you for keeping a close eye on this.