IXC. LD, a wholly owned subsidiary of IXC, desires to acquire all of the capital stock of LD Services by consummating the following transactions in the following order: (i) first, IXC shall cause Acquisition Corp., a wholly owned subsidiary of IXC, to be merged with and into LD Services (the "Merger") in accordance with this Agreement, such that after the Merger, LD Services shall be the surviving corporation and a wholly owned subsidiary, and Acquisition Corp. shall cease to exist; and (ii) second, immediately following the completion of the Merger, IXC shall contribute all of the capital stock of LD Services to IXC-LD.
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Sources: Stock Acquisition Agreement and Plan of Merger (Ixc Communications Inc), Stock Acquisition Agreement and Plan of Merger (Ixc Communications Inc)