AT&T Left Exposed to Elliott by Banker Goldman Sachs - Sources

AT&T (T) Hires Goldman Sachs to Defend Against Activist Hedge Fund - NYP

AT&T (NYSE: T) Hires Goldman Sachs to Defend Against Activist Hedge Fund - NYP

AT&T (T) IV increases after Elliott Management calls on AT&T to divest non-core assets

AT&T (NYSE: T) September weekly call option implied volatility is at 24 compared to a level of 15 from last week, September is at 20, October is at 18; compared to its 52-week range of 15 to 40 after Elliott Management calls on AT&T to divest non-core assets. Call put ratio 1.3 calls to 1 put.

AT&T (T) PT Raised to $42 at Citi

Citi analyst Michael Rollins raised the price target on AT&T (NYSE: T) to $42.00 (from $37.00) while maintaining a Buy rating.

The analyst comments "We expect AT&T to remain in transition throughout 2019, as evidenced by mixed quarterly results that continue to digest price-induced... More

AT&T (T) Issues Statement on Elliott Management Letter to Board of Directors

AT&T (NYSE: T) announced:

Our management team and Board of Directors maintain a regular and open dialogue with shareholders and will review Elliott Managements perspectives in the context of the companys business strategy. We look forward to engaging with Elliott.... More

Elliott Management calls for AT&T shake-up as Trump piles on

By Svea Herbst-Bayliss and Supantha Mukherjee

(Reuters) - Activist investor Elliott Management Corp on Monday unveiled a $3.2 billion stake in AT&T Inc (NYSE: T) and urged the sprawling U.S. telecommunications and media conglomerate to end its acquisition spree and focus on improving its business.

The move makes AT&T, which has a market capitalization of $270 billion, one of the three largest companies after Apple and Microsoft to be targeted by activist shareholders, who prod management to make changes by selling off units, buying back shares or adding board... More

AT&T (T) gains 5.9% as Elliott Management takes activist stake

AT&T (NYSE: T) gains 5.9% as Elliott Management takes an activist stake

Elliott Management Sends Letter to Board of Directors of AT&T (T); Highlights Compelling Value-Creation Opportunity, $60+ per Share of Value

(Updated - September 9, 2019 7:38 AM EDT)

Elliott Management Corporation, which manages funds that collectively beneficially own $3.2 billion of AT&T Inc. (NYSE: T), today released a letter outlining a compelling value-creation opportunity at AT&T. The letter, addressed to the Companys Board, noted that the opportunity could lead AT&T to a $60+ per share value by the end of 2021, representing a 65%+ upside to todays share price.

According to the letter, Elliott made the investment in AT&T among its largest ever because it exhibits a unique combination of historical underperformance, a depressed valuation,... More