In connection with a spin-off, the existing shareholders of AT&T at close will continue to hold their shares in AT&T but will also hold 71% of shares of the new media company. The expected value of those shares (based on the capitalization as of May 14, 2021), is in the $7-$8 range per share of AT&T stock, or the equivalent of 4+ years of AT&T’s current annual dividend, tax free.
21 Dec 21
