AT&T (NYSE:T) received positive news Monday, with a top activist shareholder firm announcing that it has taken a massive stake in the company. On the news, T stock jumped into the green zone, currently up around 2%.
Here’s what we know.
T Stock Increases on Activist Stake NewsOn Monday, September 9, Elliot Management, which is an influential activist shareholder firm based in the United States, said that it has taken a stake in AT&T. It is a $3.2 billion stake. But why? There are plenty of network services out there, so why did ...
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