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AT&T’s chief financial officer, Pascal Desroches.
Courtesy AT&T
AT&T
is defending its move to spin off its big stake in WarnerMedia rather than pursue a split-off, or exchange offer, arguing that the decision benefits its large group of retail investors.
Shares of
AT&T
(ticker: T) were down 5%, or $1.27, to $24.23, in trading late Tuesday morning following the…
