AT&T/BellSouth Merger Agreement

Cite this Article
Bill Sjostrom, AT&T/BellSouth Merger Agreement, Truth on the Market (March 06, 2006),

Click here for the AT&T/BellSouth Merger Agreement. Below are a few tidbits:

  • AT&T agrees to keep Cingular’s headquarters in Atlanta, Georgia for at least five years post-closing.
  • AT&T would be entitled to a bust-up fee of $1.7 billion if BellSouth withdraws for a better deal.
  • The agreement contains typical restrictions on the parties for acquisitions, borrowing, etc., but given the size of these companies, the caps are in billions and not millions.