U.S. sues to stop AT&T buying Time Warner, says would hike rates
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AT&T (T) PT Lowered to $42 at Nomura/Instinet; 'DoJ Moves the Goalpost, AT&T Cries Foul'
November 21, 2017 6:52 AM ESTNomura/Instinet lowered its price target on AT&T (NYSE: T) to $42.00 (from $45.00) while maintaining a Buy rating, following an announcement by U.S. Department of Justics to file a lawsuit to challenge the company's bid for TimeWarner.
Analyst Jeffrey Kvaal notes a... More
AT&T (T) Says DOJ Suit Over Time Warner (TWX) is Radical and Inexplicable Departure
November 20, 2017 4:19 PM ESTThe following is attributed to David R. McAtee II, Senior Executive Vice President and General Counsel, AT&T Inc.:
"Today's DOJ lawsuit is a radical and inexplicable departure from decades of antitrust precedent. Vertical mergers like this one are routinely approved because they benefit consumers without removing... More
