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AT&T Cancels $4B Stock Buyback Deal Amid Virus Crisis, Says Impact "Could Be Material"

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

WarnerMedia owner AT&T is canceling planned stock buybacks to maintain its financial flexibility amid the coronavirus pandemic.

The telecommunications giant, led by chairman and CEO Randall Stephenson, earlier this month unveiled an accelerated share repurchase agreement with Morgan Stanley to buy back $4 billion of its stock during the second quarter.

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Morgan Stanley Randall Stephenson Coronavirus Covid-19 pandemic virus AT&T
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