'There Will Be a Fight': AT&T Stock Soars As Activist Investor Looks to Shake Things Up
September 11, 2019
AT&T Inc.’s sweeping transformation from Ma Bell to a multimedia titan has gone both too far and not far enough for Elliott Management Corp. Billionaire Paul Singers New York hedge fund disclosed a new $3.2 billion position in AT&T, taking on one of the nation’s biggest and most widely held companies with a plan to boost its share price by more than 50% through asset sales and cost cutting.
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