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Tulsa, Okla.-Based Network Services Provider Considers Stock Swap.

By Don Mecoy, The Daily Oklahoman Knight Ridder/Tribune Business News

Jun. 20--TULSA, Okla.--Directors of WilTel Communications Groups Inc. said Thursday they have hired financial and legal advisers as they consider a proposal from Leucadia National Corp. to ac...uire the 53 percent of outstanding WilTel stock that it doesn't already own.

On May 15, Leucadia, a diversified holding company which owns 47 percent of WilTel, sent a letter to WilTel's directors offering a stock swap to obtain the remainder of the Tulsa telecommunications company.

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