AT&T to Acquire DIRECTV

by Gary Kopycinski on May 19, 2014

Gary Kopycinski Author

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DALLAS, TEXAS and EL SEGUNDO, CALIF.—(ENEWSPF)–May 19, 2014 – AT&T (NYSE:T) and DIRECTV (NASDAQ:DTV) yesterday announced that they have entered into a definitive agreement under which AT&T will acquire DIRECTV in a stock-and-cash transaction for $95 per share based on AT&T’s Friday closing price. The agreement has been approved unanimously by the Boards of Directors of both companies.