Acquisition by SBC
On 31 January 2005, the "Baby Bell" SBC Communications Company announced its intention to acquire "Ma Bell" AT & T Corp. for $ 16 billion. SBC announced in October 2005 that it would throw the "SBC" brand and take the AT & T brand with the "T" symbol NYSE.
Approval of the merger concluded November 18, 2005, SBC Communications began rebranding on Monday, November 21 as "AT & T Inc." and began operating as AT & T on December 1, under the symbol "T". |
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