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Covad Communication's recent settlement with SBC Communications of an antitrust suit not only resulted in $750 million in financing, but helped Covad sell $500 million in convertible senior notes. Coming at a time when the capital markets are choppy at best, the SBC settlement assures that Covad is fully funded into the first quarter of 2002 and may help to quash rumors of a takeover.
October 13, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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