WorldCom Created an Acquisitions Subsidiary (TC Investments Corporation)by Transferring WorldCom

question 59

Short Answer

WorldCom created an acquisitions subsidiary (TC Investments Corporation)by transferring WorldCom stock and cash to TC Investments Corporation in exchange for newly issued TC Investments Corporation stock.TC Investments Corporation then used the WorldCom stock and cash to acquire MCI as described in the next two steps.

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Definitions:

Genetically Identical Cells

Cells that have exactly the same DNA sequence, typically arising from the division of a single cell or from cloning processes.

Intracellular Shells

Membrane-bound organelles within a cell that compartmentalize cellular processes and substances.

Interlocking Plates

Structural elements that fit together closely to provide support and resistance, often found in natural armor or engineering designs.

Dinoflagellates

Single-celled, mostly marine organisms with two flagella, often producing bioluminescence and sometimes forming toxic algal blooms.