U.S. antitrust regulators may have dealt a body blow to an already fragile mergers and acquisitions market with their decision to block AT&T Inc's (T.N) $39 billion deal to purchase T-Mobile USA. For AT&T and T-Mobile's advisers, the immediate cost if the deal collapses would be about $150 million in fees. For the dealmaking industry, costs could add up to billions of dollars in lost fees as the U.S. Justice Department's decision on Wednesday forces companies to think twice about the regulatory risks in takeover attempts, bankers said. "This shows the severe execution risks M&A deals are facing currently," a senior investment banker close to the AT&T/T-Mobile deal said. "It takes much longer to close a deal and some companies won't even start to negotiate a merger due to these heightened risks."
AT&T Inc. is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 3.85% or $-1.14/share to $28.48. In the past year, the shares have traded as low as $27.06 and as high as $31.94. On average, 28001700 shares of T exchange hands on a given day and today's volume is recorded at 112602112.
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