AT&T in talks to appease Elliott: sources
Reports have emerged to suggest the AT&T management team is attempting to reduce pressure from activist investor Elliott Management.
Reports have emerged to suggest the AT&T management team is attempting to reduce pressure from activist investor Elliott Management.
Elliott Management, the activist investor which steamrolled into the AT&T business, has reportedly called for the replacement of CEO Randall Stephenson.
A report is suggesting AT&T is mulling over the prospect of selling its DirecTV assets as pressure mounts on the management team.
Activist investor Elliott Management has set its eyes on AT&T, suggesting the firm is bloated and undervalued, with ambitions to cut staff, clear out the leadership team and sell-off non-core assets.
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