AGREEMENT dated as of November 9, 1997, among BRITISH TELECOMMUNICATIONS PLC, a public limited company incorporated under the laws of England and Wales ("BT"), MCI COMMUNICATIONS CORP., a Delaware corporation ("MCI"), and WORLDCOM, a Georgia...Merger Agreement • November 12th, 1997 • Worldcom Inc /Ga/ • Telephone communications (no radiotelephone) • Delaware
Terms of the Merger - Definitive merger agreement - $51 WorldCom stock to MCI shareholders - BT class A receives $51 cash - Collar of $29 to $41 - $37 B transaction - Purchase method of accounting - Approximately 20% accretive in 1999 4 IntroductionMerger Agreement • November 12th, 1997 • Worldcom Inc /Ga/ • Telephone communications (no radiotelephone)
1 EXHIBIT 2.1 AGREEMENT AND PLAN OF MERGER DATED AS OF NOVEMBER 9, 1997Merger Agreement • November 12th, 1997 • Worldcom Inc /Ga/ • Telephone communications (no radiotelephone) • Delaware
