Wednesday, June 29, 2005

AT&T Shareholders Approve SBC Merger

AT&T shareholders voted to approve a proposed merger agreement with SBC Communications. The company said approximately 97.9% of the shares that were voted approved the merger. This represents more than 70.7% of the outstanding shares.

"The positive vote is an important step forward on the road to creating a leading U.S.-based global communications company for the 21st Century," said AT&T Chairman and CEO David W. Dorman. "Together, SBC and AT&T will create one of the world's premier communications companies in terms of global reach, innovation and service quality."

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