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January 31, 2005
Ma Bell is back!
SBC agrees to pay US$16b for AT&T
AT&T investors would receive SBC stock worth US$18.41 a share and a special dividend of US$1.30 a share, the companies said yesterday. The total of US$19.71 a share matches AT&T's Jan 28 closing price. SBC chief executive officer Edward Whitacre, 63, will be CEO of the combined entity.
Posted by Andrew at January 31, 2005 04:55 PM
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Comments
Wow, I hope they keep the name AT&T, because the name has a lot of history associated with it. Besides, it makes more sense for a national business to be American Telephone & Telegraph than Southern Bell Corporation. Even though we don't have telegraphs. Maybe it should be renamed "American Telephone and Teh infranets" or something.
Posted by: MiniLuv at February 2, 2005 01:42 AM