DirecTV and AT&T Close the Deal

Last May, I sent out a special CWS Market Review on the news of AT&T making a bid for DirecTV, one of our Buy List stocks.

The announced deal was for $95 per share, but since it involved cash and stock, it might not be closed at that price.

Ultimately, DTV shareholders got $28.50 in cash plus 1.892 shares of AT&T. That works out to $93.38 per share. Before there was chatter of this deal, DTV was around $77 per share. We did very well with DTV.

At the end of last year, I decided to ditch DTV from the Buy List because I didn’t want AT&T. I have nothing against AT&T — it’s a fine company. If you just received your shares of AT&T along with your cash, there’s no reason to sell out now.

The stock pays a good dividend, but I wouldn’t expect to see shares of T wander too far from $34.

Posted by on July 27th, 2015 at 1:25 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.