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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The Answer of 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.

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