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Allegiance Telecom bank debt continued to trade ashigh as the 97-98 range following speculation on how potentialacquirers may value the company.
Allegiance Telecom bank debt continued to trade as high as the 97-98 range following speculation on how potential acquirers may value the company. The paper jumped from the 92-93 context, after reports indicated that Qwest Communications International could be looking to acquire the company for about $3 million in cash and assumed debt.
One scenario is that Qwest would basically assume the bank...