AT&T stock is rallying and Time Warner is falling following remarks by AT&T's CFO John Stephens regarding "uncertainty" about the timing og the deal between the two companies, citing ongoing DoJ discussions.AT&T stock is rallying and Time Warner is falling following remarks by AT&T’s CFO John Stephens regarding “uncertainty” about the timing og the deal between the two companies, citing ongoing DoJ discussions.This sparked some arb unwind..
However, speaking at an investor conference, Stephens also noted that no vertical merger like Time Warner has been blocked in 40 years, suggesting he is optimistic that the deal will get done and confirmed 2018 priorities will be to integrate Time Warner.
via http://ift.tt/2jaKVin Tyler Durden