TECHNOLOGY / MORE ON TECH : Frontier OKs New Bid From Global Crossing

Long-distance company Frontier Corp. of Rochester, N.Y., agreed to a sweetened stock-swap buyout bid of about $9 billion from Global Crossing Ltd., which made the new offer after a recent decline in its stock price eroded much of the premium it had previously offered. Bermuda-based Global Crossing, an undersea fiber-optic cable builder, now will pay 2.05 shares of its stock for each Frontier share. In exchange for the richer offer, Frontier gave up its right to walk away from the deal should Global Crossing’s stock sag. Global Crossing closed down $1.56 at $22.44 on Nasdaq, and Frontier slipped 50 cents to $41.75 on the NYSE.