AT&T, Under Pressure From Activist Investor Elliott, Hires Goldman Sachs -- NY Post

Date : 09/09/2019 @ 9:21PM
Source : Dow Jones News
Stock : AT&T (T)
Quote : 38.47  0.0 (0.00%) @ 12:16PM
Pre-Market
Last Trade
Last $ 38.53 ▲ 0.06 (0.16%)

AT&T, Under Pressure From Activist Investor Elliott, Hires Goldman Sachs -- NY Post

AT&T (NYSE:T)
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2 Months : From Aug 2019 to Oct 2019

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-- AT&T Inc. has hired Goldman Sachs Group Inc. in its fight against activist investor Paul Singer's Elliott Management Corp., the New York Post reported Monday.

-- Elliott has disclosed a $3.2 billion stake in AT&T, criticized its longtime CEO's acquisition strategy and called on the company to shed some assets that lack a strategic rationale, including the DirecTV satellite service and Mexican wireless operations.

-- Elliott had hired Goldman's top activism banker Steven Barg, Bloomberg reported last month.

 

Full story: https://nypost.com/2019/09/09/att-hires-goldman-sachs-to-defend-against-activist-hedge-fund/

 
 

(END) Dow Jones Newswires

September 09, 2019 16:06 ET (20:06 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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