AT&T in talks to resolve activist investor campaign: WSJ
AT&T Inc. is in talks with Elliott Management Corp. and could reach an agreement as early as this month to resolve Elliott's activist campaign for change, The Wall Street Journal reported late Thursday. Shares ticked up more than 1% in after-hours trading. The Journal reported that the talks have been wide-ranging since Elliott disclosed its stake in the media conglomerate five weeks ago but the discussions may still fall apart. AT&T delayed its quarterly earnings, originally set for next week, in order to give the two sides more time to talk. AT&T is now expected to report earnings Oct. 28. AT&T stock closed up less than 1% to $37.81 Thursday, as the S&P 500 index rose 0.3%.
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