AT&T与BellSouth合并情况说明书.pdf

TERMS OF THE TRANSACTION
• AT&T Inc. will acquire 100 percent of mon stock of BellSouth Corporation in an
all-stock transaction with an equity value of $ billion.
• For each share of mon stock, BellSouth stockholders will receive
shares of AT&mon stock. This represents percent premium to the
closing price of BellSouth stock on March 3.
• AT&T will issue billion new shares mon stock, which would represent
38 percent of the outstanding shares of AT&T.
• The merger has been approved by the boards of directors of BellSouth and AT&T.
Stockholders of pany also must approve the merger.
• Three BellSouth board members will join the AT&T board at closing.
KEY BENEFITS OF THE MERGER
The pany will be more innovative, nimble and efficient, providing benefits to customers
bining the Cingular, BellSouth and AT&works into a single fully integrated wireless
and wireline work offering a full range of advanced solutions. As a result,
pany will be better able to speed the convergence of new and improved
services for consumers and businesses, and embrace the industry’s shift to work-based
technologies.
FOR CONSUMERS
Consumers seeking a real alternative to cable monopolies should see faster and more
economical deployment of next-generation IP works and similar services as a
result of AT&T’s groundbreaking entry into IPTV and th