AT&T Inc., blinded by past success in winning U.S. approval for its mergers and acquisitions, relied too much on lobbying and public relations in its $39 billion bid for T-Mobile USA while underestimating the resolve of the government, according to lawyers, consumer advocates and market analysts.
Regulators should consider allowing smaller companies to pay broker-dealers to make markets in their shares as a way to spur trading and encourage initial offerings, NYSE Euronext and Nasdaq OMX Group Inc. executives said yesterday.
H&R Block Inc.’s decision to abandon its acquisition of the maker of TaxAct products is a victory for the U.S. Justice Department as it prepares for a trial to stop AT&T Inc.’s purchase of T-Mobile USA Inc.
The U.S. move to block AT&T Inc.’s purchase of T-Mobile USA Inc. marks a rare Washington defeat for the largest U.S. phone company, a failure deal opponents called a triumph of antitrust analysis over lobbying muscle.
Sprint Nextel Corp. can sue AT&T Inc. over its proposed purchase of T-Mobile USA Inc., a federal judge ruled, saying the fact that the companies are competitors doesn’t bar a private antitrust lawsuit.
AT&T Inc. wouldn’t have much luck trying to salvage its proposed $39 billion takeover of T-Mobile USA Inc. through negotiation with the U.S. Justice Department, leaving a court fight as its only recourse, lawyers said.