Big Law
Everything You Need To Know About Warner Bros. and Discovery Merger
AT&T announced last week that April 5th at market close will be the record date for AT&T shareholders eligible for the special stock dividend pertaining to the upcoming WBD transaction.
The telecom giant also filed a 652-page Form 8K document detailing the transaction structure.
Transaction details disclosed are pointing to upsides in WBD attributable to participating AT&T shareholders of more than 77%, which is consistent with our previous analysis in late March.
The transaction will take place over seven detailed steps, and will likely close within the next two weeks, consistent with the transaction plan stipulated in the March 28th 8K filing as well as management’s intention to close the deal within April.
