AT&T, Under Pressure From Activist Investor Elliott, Hires Goldman Sachs -- NY Post
September 09 2019 - 4:21PM
Dow Jones News
-- AT&T Inc. has hired Goldman Sachs Group Inc. in its fight
against activist investor Paul Singer's Elliott Management Corp.,
the New York Post reported Monday.
-- Elliott has disclosed a $3.2 billion stake in AT&T,
criticized its longtime CEO's acquisition strategy and called on
the company to shed some assets that lack a strategic rationale,
including the DirecTV satellite service and Mexican wireless
operations.
-- Elliott had hired Goldman's top activism banker Steven Barg,
Bloomberg reported last month.
Full story:
https://nypost.com/2019/09/09/att-hires-goldman-sachs-to-defend-against-activist-hedge-fund/
(END) Dow Jones Newswires
September 09, 2019 16:06 ET (20:06 GMT)
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