CSC Ends Deal With Global Crossing

The company said the $400 million contract, first announced last November, was terminated by mutual agreement. The contract had not yet been implemented.

Global Crossing filed for bankruptcy on Jan. 28. Its accounting methods are under review by the U.S. Securities and Exchange Commission, and the Federal Bureau of Investigation.

On Friday, a group of shareholders filed an objection to a $750 million takeover plan from two Asian firms and sought approval to participate in the bankruptcy negotiations and bid for Global Crossing's assets.

REUTERS

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