Shares of AT&T fell 5.8% on Tuesday, showing the largest one-day decline since June 11, 2020, when shares fell 6.1%.
Shares of AT&T rose first on Monday, then fell in the second half of the trading session.
The initial growth was due to positive assessments of the future merger agreement between AT&T WarnerMedia and Discovery into a separate stand-alone company that could become a strong competitor to Netflix and Disney +.
Most market experts welcomed this move by AT&T, as trends suggest that only the strongest will win in the world of video streaming. Combining HBO Max with Discovery + and their synergy with WarnerMedia should deliver better results when companies work together.
Under the terms of the agreement, AT&T will receive $ 43 billion, which will allow the company to reduce its debt burden by a whopping $ 180 billion as of March 31, 2021. AT&T shareholders will receive 71% of the new company’s shares. The operation is expected to close in mid-2022.
Following the close of the deal, AT&T expects an annual dividend payout ratio of 40% to 43% of the expected free cash flow of $ 20 billion. The ability to repurchase shares will be 2.5 times less. As a result, AT&T’s dividends will be about $ 8 billion a year, compared to the $ 15 billion the company paid in 2020.
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
COMBINE ROAD AND COMFORT Shell is launching a new coffee brand Shell Café all over Central and Eastern Europe (CEE) (to replace […]
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
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World oil prices of reference brands began the working week with a moderate increase amid disruptions in the US Colonial Pipeline after a hacker attack. This is evidenced by trading data on Monday, May 10. Thus, July futures for Brent on the London Stock Exchange ICE Futures rose by $ 0.57 (0.83%) – to $ […]Next
Volkswagen AG, Germany’s largest carmaker, plans to cut up to 5,000 jobs in Germany. Volkswagen has confirmed that the company has reached an agreement with the company’s board of employees, which provides for early or partial retirement of some employees. The company expects that about a thousand employees will choose early retirement. Volkswagen has not […]Next
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For the first time, the National Bank fined a collection company for violating the requirements of ethical conduct in settling overdue debts. This was reported by the NBU. “The National Bank, as a body that regulates and supervises the activities of non-banking financial institutions, has revealed a violation of the requirements of the legislation on […]Next
In September 2016, the Ukrainian government will open an office, which is financially supported by private equity fund for support investment from abroad. It is about WNISEF (Western NIS Enterprise Fund), which was established in 1994 with a capital of $ 150 million, for the amount, which was paid by the US government. This kind […]Next
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Zaporizhzhya NPP connected Unit №2 to the power system of Ukraine. This was reported by the press service of NNEGC Energoatom. “On November 22 at 9:07 pm, after the completion of the average planned and preventive repairs, Unit №2 of Zaporizhzhya NPP is connected to the power system. Power is being set. There are no […]Next
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