Technology Industry
Industry: Email Alert RSS FeedAT&T outlines share exchange plan.
RCR Wireless News, April, 2001
NEW YORK--AT&T Corp said it will issue 1.176 shares of AT&T Wireless Group tracking stock in exchange for each share of AT&T common stock tendered and not withdrawn, representing a 7-percent premium on AT&T common stock. According to the exchange plan, AT&T will accept up to 427 million shares of its common stock in exchange for up to 503 million shares of AT&T Wireless stock.
Beyond the set amount, AT&T will accept the shares on a pro-rata basis based on the terms of the exchange offer. The exchange offer is expected to be tax free for U.S. federal income tax purposes, unless shareowners receive cash in lieu of fractional shares, and begin by April 27.
CXO UnpluggedSmart Business interviews on BNET
See and hear how senior level executives across the Asia Pacific are developing smart business ideas across a variety of sectors. The focus is on the future, and on how businesses need to evolve.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express