Tuesday, March 07, 2006

AT&T to pay $67B for BellSouth

Anyone have any opinions on this? That's a lot of money, I think!

AT&T (T) on Sunday announced plans to buy BellSouth (BLS) for $67 billion in stock, about an 18% premium over BellSouth's current share price, and assume about $22 billion in debt. The result would be a telecommunications behemoth with about $120 billion in annual revenue.

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