In a report published Monday, Morgan Stanley analyst Simon Flannery suggested that the next few weeks will be “action packed” for AT&T Inc as its merger with DIRECTV is imminent.
According to Flannery, the merger faces “fairly limited” opposition despite the approximate 6 percent deal discount, as AT&T valued the merger of DIRECTV at $91.61, while shares of DIRECTV are trading closer to $86.
The analyst added that the deal should close in the coming weeks as the FCC “restarts the shot clock” (paused on day 170 out of 180) once an appeals court decision is received and document review is concluded.
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