HALISTER: AT&T to Acquire Straight Path for $95.63-Share In Stock Deal

AT&T to Acquire Straight Path for $95.63-Share In Stock Deal

(Bloomberg) -- AT&T to acquire Straight Path for $95.63 per share in an all-stock merger intended to qualify as a tax-free reorganization.
  • Transaction has a total value of $1.6b which includes liabilities
  • $95.63 is a 162% premium to Friday’s close
  • Statement:Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
T US (AT&T Inc)
STRP US (Straight Path Communications Inc)

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