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DirecTV Investor Sues to Block AT&T $48 Billion Takeover

Discussion in 'News' started by Athlon646464, May 22, 2014.

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  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Feb 23, 2007
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    DirecTV Investor Sues to Block AT&T $48 Billion Takeover

    “Given the fact that the company was poised for significant future growth and success, the value of DTV stock is being significantly undervalued in the proposed acquisition,” investor David Rivera said in a complaint filed today in Delaware Chancery Court.

    In his complaint, he claims that DirecTV directors improperly agreed to an onerous breakup fee of $1.45 billion in order to block other potential suitors from making a higher bid....

    Full Story Link & Continuing Discussion Here
     
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