BellSouth Shareholders OK Sale to AT&T
An AP newswire article by Harry R. Weber, via SFGate.com, reports that:
BellSouth Corp. shareholders approved Friday the proposed sale of their company to AT&T Inc. for $67 billion in stock, a deal that would expand the reach of the nation's largest telecommunications provider and put the two companies' wireless joint venture under one roof.More here.
The vote during a special meeting in Atlanta was 97 percent in favor of the deal, which was announced March 5 and is expected to close by the end of the year.
AT&T shareholders were scheduled to vote later Friday in San Antonio on whether to issue new stock in the combined company.
Federal and state regulators also must approve the deal.
posted by Fergie @ 7/21/2006 09:57:00 AM
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