AT&Ts Move to Spin Off WarnerMedia May Disappoint Investors – Barrons

AT&T‘s decision Tuesday to spin off its stake in WarnerMedia to shareholders isn’t a surprise given recent comments by CEO John Stankey.

 But the move may disappoint investors who were hoping for a split-off, or exchange offer, which would have resulted in the retirement of more than 20% of AT&T‘s shares outstanding.

In midday trading on Tuesday,…

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