AT&T’s stock price on Monday jumped 8%, to $19.67, as a probable result of Friday’s closure of the deal. The Warner Bros.
Discovery share price dipped to $24.48 in after-hours trading, but the start and finish were close enough that the day could hardly be called a roller coaster.Monday was the first day of public trading for Warner Bros.
Discovery. According to the original merger announcement, AT&T receives $43 billion in a combination of cash, debt securities and WarnerMedia’s retention of certain debt.
AT&T shareholders receive stock representing 71% of the new company; they received 0.24 WBD shares for each share of AT&T stock that they hold, according to Barron’s.
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