- Reuters•31 minutes ago
Boutique investment bank Perella Weinberg Partners has hired an investment banker from Bank of America Corp focused on the industrials sector, Christopher Mead, based in Los Angeles, according to people familiar with the matter. Mead will help open an office for Perella Weinberg in Los Angeles, the people said, asking not to be named because the matter is private. Los Angeles would be a new market for New York-based Perella Weinberg, which also has offices London, Denver, Dubai, Abu Dhabi and San Francisco, according to its website.
- Reuters•34 minutes ago
AT&T is unlikely to rush to sell an expected US$30bn bond to fund its acquisition of Time Warner with analysts giving the M&A only a 50% chance of getting the green light from regulators, said bankers. The wireless giant has a US$40bn bridge loan in place from Bank of America Merrill Lynch and JP Morgan to help finance the US$85.4bn acquisition - about three-quarters of which is expected to be taken out in the US investment-grade bond market. With primary markets on fire in recent years, companies have taken out the bridge loan with a bond issue within months of announcing an acquisition.
- Zacks•48 minutes ago
The Zacks Friday Finish Line Highlights: Under Armour, General Motors, Chipotle, AT&T, Time Warner.
AT&T, Inc. (T)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||36.67 x 2100|
|Ask||36.68 x 1000|
|Day's Range||36.50 - 36.81|
|52wk Range||32.22 - 43.89|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||15.55|
|Avg Vol (3m)||22,599,583|
|Dividend & Yield||1.96 (5.38%)|