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Thursday, September 25, 2014

DirecTV shareholders overwhelmingly approve AT&T acquisition, (NYSE: T)

DirecTV's shareholders overwhelmingly approved the company's acquisition by AT&T Inc, DirecTV said on Thursday. The $45 billion deal, currently under review by U.S. and international regulators, was approved by 99 percent of votes cast, the company said in a statement.The votes cast represent 77 percent of shares outstanding.If the deal is approved by regulators, the company expects it to close in the first half of 2015.The takeover by AT&T hinges on the completion of a deal with the National Football League for rights to the popular Sunday Ticket package, which gives subscribers access to live Sunday games on multimedia platforms, including iPads and game consoles.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.64% or $-0.225/share to $35.18. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 19410000 shares of T exchange hands on a given day and today's volume is recorded at 16152359.