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The $400 million sale of ATX to Corecomm closed Sept. 29, despite an undulating stock market and a slide of nearly 80 percent in ATX's share price between the March signing and the September closing. While the original purchase was set for $900 million, attorney Michael C. Forman said his client ATX and Corecomm were both committed to closing because "[t]he parties felt it was a good match."
October 04, 2000 at 12:00 AM
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