AT&T/BellSouth Merger Agreement

Bill Sjostrom —  6 March 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.
In Mergers & Acquisitions, Truth on the Market
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  1. Antitrust Review » More on AT&T - March 6, 2006

    […] UPDATE (Hanno): More on AT&T at Truth on The Market with a link to the merger agreement, and Oligopoly Watch with a discussion of the potential effects of the merger. […]