AT&T says to buy Dobson for $2.8 billion

Fri Jun 29, 2007 6:05pm EDT
 
[-] Text [+]

NEW YORK, June 29 (Reuters) - AT&T Inc. (T.N) said on Friday it will buy rural wireless communications services group Dobson Communications Corp. DCEL.O for $2.8 billion in cash.

Under the deal, Dobson shareholders will receive $13 a share, a 16.9 percent premium over the company's closing price of $11.12 on Thursday.

 

Companies In This Article

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better