Both of these companies have a horrible track record on mergers. AT&T’s purchase of DirectTV and the AOL-TimeWarner merger destroyed more shareholder value than just about any other deals in history.
Investors need to rein in these CEOs and their empire building fantasies.
“Both of these companies have a horrible track record on mergers. AT&T’s purchase of DirectTV and the AOL-TimeWarner merger destroyed more shareholder value than just about any other deals in history.”
True, but it seems like AT&T may have learned its lesson. They’re going back to what they were. With a 6% dividend may bot be a bad time to buy some.