September 9, 2019 / 1:15 PM / 14 days ago

Trump calls activist shareholder moves on AT&T 'great news'

WASHINGTON, Sept 9 (Reuters) - U.S. President Donald Trump on Monday weighed in on activist investor Elliott Management Corp’s moves targeting AT&T Inc, calling the hedge fund’s actions “great news” and repeating his criticism of the wireless carrier’s CNN news division.

Shareholder Elliot Management earlier on Monday had called on AT&T to sell some assets and questioned its deal with Time Warner.

“@CNN is bad for the USA,” Trump said in a series of tweets. “It is a fraudulent shame, & all comes from the top!”

Reporting by Susan Heavey; Editing by Kevin Liffey

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below