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4-Traders Homepage  >  Equities  >  Nyse  >  AT&T    T

AT&T (T)
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Delayed Quote. Delayed  - 06/19 10:00:42 pm
32.39 USD   +0.62%
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AT&T : CEO says open to litigation on Time Warner deal

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11/09/2017 | 08:51pm CEST

(Reuters) - AT&T Inc (>> AT&T) is ready to litigate if the U.S. Department of Justice blocks its $85.4 billion Time Warner Inc (>> Time Warner) deal, Chief Executive Randall Stephenson said on Thursday.

(Reuters) - AT&T Inc (>> AT&T) is ready to litigate if the U.S. Department of Justice blocks its $85.4 billion Time Warner Inc (>> Time Warner) deal, Chief Executive Randall Stephenson said on Thursday.

"If we are going to go for litigation our preference would be sooner is better. We are prepared to litigate now," Stephenson told CNBC on the sidelines of the New York Times Dealbook conference.

"We have been working very diligently on a litigation strategy and a litigation plan," he said, adding: "We would obviously ask for an expedited hearing. We feel that a transaction of this size you would likely get an expedited hearing."

The U.S. Department of Justice has demanded significant asset sales in order to approve the deal, sources told Reuters on Wednesday, and asked AT&T to sell CNN-parent Turner Broadcasting or its DirecTV satellite TV operation in discussions on Monday.

(Reporting by Arjun Panchadar and Aishwarya Venugopal in Bengaluru; editing by Patrick Graham)

Stocks treated in this article : Time Warner, AT&T
Stocks mentioned in the article
ChangeLast1st jan.
TIME WARNER 0.84% 98.77 Delayed Quote.7.98%
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Financials ($)
Sales 2018 156 B
EBIT 2018 29 810 M
Net income 2018 17 202 M
Debt 2018 116 B
Yield 2018 6,19%
P/E ratio 2018 11,57
P/E ratio 2019 11,50
EV / Sales 2018 2,01x
EV / Sales 2019 1,96x
Capitalization 198 B
Chart AT&T
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AT&T Technical Analysis Chart | T | US00206R1023 | 4-Traders
Technical analysis trends AT&T
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 37,4 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens CFO, Principal Accounting Officer & Senior EVP
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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