MCI-Verizon Merger Approved

MCI today announced the certified results of its shareholder vote that approved its merger with Verizon. The company said that the results show 64.6% of outstanding shares and 88.2% of votes cast were in favor of the merger. Also today MCI's Board of Directors declared a special dividend of $5.60 per share in accordance with the merger agreement. The special dividend will be paid on October 27 to shareholders of record at the close of business on October 17.