A Leaner AT&T Could Be More Profitable Says Key Shareholder
September 09, 2019 at 12:18 PM EDT
AT&T (T) stock jumped more than 4% in Monday morning trading to around $38 a share on news that Ellliott Management, a top activist shareholder firm, disclosed Monday that it has taken a $3.2 billion stake in the telecom company. In a letter to AT&T’s board of directors, Elliott...