AT&T shareholders will receive 0.24 share of the new Warner Bros. Discovery stock for each share owned.
Upon close, which we expect in mid-2022, AT&T shareholders will receive stock, representing 71% of the new company with Discovery shareholders receiving the remaining 29%. We plan to reset our dividends at that time.”
It is possible shareholders may receive a dividend from the new company once the merger is complete, although investors have no guarantee of this. For what it’s worth, Discovery does not currently pay a dividend to its own shareholders.
Immediately before the merger, Discovery plans to reclassify its three share classes into one share class. Then, Warner Bros. Discovery will automatically convert each share of Discovery common stock into one share of WBD common stock. Warner Bros. Discovery’s stock price has yet to be finalized.
Will ATT stockholders get Discovery stock?
(NASDAQ: DISCA, DISCB, DISCK). On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery, Inc. (WBD) for each share of AT&T common stock.
For each share of AT&T common stock, holders will get 0.24 share in Warner Bros Discovery.
What happens to my att stock after merger?
While AT&T shareholders will still own the same number of AT&T shares after the transaction close that they did just before the transaction close, the company’s stock price is expected to adjust after the deal is complete, reflecting the spinoff.
DALLAS – Today AT&T Inc. (NYSE:T) announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T’s interest in WarnerMedia to AT&T’s shareholders. The record date for the stock dividend is the close of business on April 5, 2022.
What happens if you own AT&T? AT&T’s WarnerMedia will represent 71% of the newly formed Warner Bros. Discovery, and its shareholders will receive approximately 0.24 shares of the new company for each share of AT&T stock owned.
On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery, Inc.
Will Warner Bros. Discovery pay dividend?
Warner Bros. Discovery stock, which was up 0.4%, to $23.10, on Thursday, has no dividend and the company has no current plans to pay one as it focuses on debt reduction.
On the closing date of the transaction, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of the new Warner Bros.
Is Warner Brothers Discovery a good stock to Buy?
The rating outlook is stable. In terms of forward non-GAAP P/E, WBD is currently trading at 36.05x, which is 106.3% higher than the 17.47x industry average. Also, its forward Price/Book of 4.54x is 105.1% higher than the 2.21x industry average.
What will be the price of WBD stock?
Cinedigm Corp (NASDAQ:CIDM) The 1 analysts offering 12-month price forecasts for Cinedigm Corp have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +808.43% increase from the last price of 0.55.
Will cinedigm go up?
On average, analysts forecast that FGEN’s EPS will be -$3.39 for 2022, with the lowest EPS forecast at -$3.97, and the highest EPS forecast at -$2.87. On average, analysts forecast that FGEN’s EPS will be -$2.12 for 2023, with the lowest EPS forecast at -$3.70, and the highest EPS forecast at -$1.07.
Is Discovery stock a good buy?
The consensus 12-month price target of the five analysts rating the stock is $37.25. One of the analysts rates WBD as a sell.
Apr 2, 2022AT&T’s WarnerMedia will represent 71% of the newly formed Warner Bros. Discovery, and its shareholders will receive approximately 0.24 shares of the new company for each share of AT&T stock owned.
Feb 1, 2022AT&T shareholders will receive 0.24 shares of new Warner Bros. Discovery stock for each share owned. MarketWatch . Feb. 1, 2022, 06:40 AM … Get real-time DCYHF charts here >>
AT&T and Discovery Close WarnerMedia Transaction
Apr 8, 2022As a result, AT&T shareholders received 1.7 billion shares of WBD, representing 71% of WBD shares on a fully diluted basis. Discovery’s existing shareholders own the remainder of the new company. In addition to their new shares of WBD common stock, AT&T shareholders continue to hold the same number of shares of AT&T common stock they held …
Feb 1, 2022Existing Discovery shareholders will own approximately 29% of the new company on a fully diluted basis. On the closing date of the transaction, each AT&T shareholder will receive, on a tax-free basis, an estimated 0.24 shares of the new WBD common stock for each share of AT&T common stock held as of the record date for the pro rata distribution.
Apr 11, 2022Additionally, shareholders of AT&T received 0.241917 shares of WBD for each share of AT&T common stock they held at close. As a result, AT&T shareholders received 1.7 billion shares of WBD, representing 71% of WBD shares on a fully diluted basis, with Discovery shareholders owning the remaining 29%.
Oct 19, 2021The shareholders of AT&T will receive one share in the new combined company for each of their existing AT&T shares and ultimately own 71% with the existing Discovery shareholders owning the …
T Stock Owners Can Profit if They Hang on to Their Spin … – InvestorPlace
Aug 5, 2021It will then spin off 71% of those shares to AT&T shareholders. This will have a major positive effect on T stock. Second, AT&T’s DirectTV unit has been carved out to a private equity firm. With …
AT&T: Hold On To Your Warner Bros. Discovery Stock
Apr 10, 2022The new company will be 29% owned by Discovery shareholders and 71% owned by AT&T shareholders. AT&T will receive $43 billion through a variety of different factors which will combine with the …
Warner Bros. Discovery (WBD) Stock Is Coming. Here’s What to Know.
Apr 5, 2022Today is the record date that will determine which of AT&T’s (NYSE: T) stockholders have the right to receive shares of Warner Bros. Discovery.The latter company will trade on the Nasdaq under …
Why Discovery Is a Better Buy Than AT&T After the Blockbuster Merger
May 18, 2021In the merger presentation, AT&T said it will pay out about 40% to 43% of free cash flow as its dividend, while giving a $20 billion-plus estimate for free cash flow after the spinoff. On 7.14 …
AT&T And Discovery: The Sum Of The Parts – Forbes
May 21, 2021The dividend will be reduced. Upon close, which we expect in mid-2022, AT&T shareholders will receive stock, representing 71% of the new company with Discovery shareholders receiving the remaining …
AT&T Announces Details for Completion of Spin-Off Ahead of Close of …
Mar 25, 2022On the closing date of the transaction, anticipated to be in April, AT&T shareholders will receive, on a tax-free basis, an estimated 0.24 shares of stock in Warner Bros. Discovery, Inc. (WBD) for …
Discovery stock could be worth 35% more after AT&T deal: analyst
May 18, 2021Closely followed Wells Fargo media analyst Steve Cahall said in a research note that Discovery is really worth $46 to $47 a share in light of the transaction and subsequent assets the company is …
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AT&T Stock Could Jump Roughly 50% From Discovery Deal: BofA
May 17, 2021AT&T shareholders are set to receive stock equating to 71% of the new company, with Discovery shareholders owning the remainder.
AT&T to spin off WarnerMedia in $43 billion Discovery media merger …
Feb 1, 2022AT&T shareholders will own 71% of the new Warner Bros. Discovery company and will receive 0.24 shares of Warner Bros. Discovery for each AT&T share they own. AT&T will pay a dividend of $1.11 per …
AT&T to Merge WarnerMedia Unit With Discovery in $43 … – TheStreet
May 17, 2021Discovery and AT&T shares both surge after AT&T says it will merge its WarnerMedia unit with Discovery in a $43 billion reverse stock-and-debt transaction. … AT&T’s shareholders will receive …
May 21, 2021In June 2018, AT&T bought Time Warner for $79 billion of cash and stock, according to its annual shareholder report, and also assumed responsibility for $23 billion of Time Warner debt. Total cost …
Here’s One Way to Play the Discovery/Warner Media Merger
Jun 2, 2021The thinly traded shares (ticker: DISCB) that are 95% owned by media mogul and Discovery board member John Malone traded Tuesday at $68.88, down $1.02. That is more than double the price of the …
What AT&T’s WarnerMedia Spinoff Means for Your Dividends
May 17, 2021Discovery shareholders will own the remaining 29% stake. In return, AT&T will receive $43 billion of cash, debt securities and WarnerMedia’s retention of certain debt. The new media company will …
AT&T is among the most searched stock – Journal Transcript
Apr 8, 2022When the transaction closes in April, the company’s shareholders 0.24 shares of Warner Bros. Discovery, Inc. stock for every AT&T stock. Fortunately, shareholders won’t need to take action as the company would automatically exchange their WarnerMedia Spinco shares after the merger. AT&T is among the most searched stock
The Warner Bros.-Discovery deal has officially closed
Apr 11, 2022Discovery, Inc. and AT&T Inc. announced that they officially closed their deal with WarnerMedia. … AT&T shareholders received 0.241917 shares of WBD for each share of AT&T held, subsequently …
AT&T Stock, Discovery Stock Gain On Megadeal Merging Media Assets Amid …
May 17, 2021AT&T’s shareholders would receive stock representing 71% of the combined company. Discovery shareholders would own 29%. AT&T will appoint seven board members and Discovery will appoint six.
Is Now the Time to Pull the Trigger on Discovery Stock? This Analyst …
May 18, 2021Accordingly, even though current Discovery shareholders will control only 29% of the shares of the combined media company, Goss is reiterating his Outperform (i.e. Buy) rating on Discovery shares …
Get Support; what will discovery shareholders get. By Jacqueline Moore and Steven Sonsino …
AT&T shareholders will receive 0.24 shares of new Warner Bros. Discovery stock for each share owned. MarketWatch . Feb. 1, 2022, 06:40 AM … Get real-time DCYHF charts here >>
In addition, AT&T shareholders receive stock representing 71% of the new company, with Discovery shareholders owning 29%. The company will combine HBO Max and Dsicovery+ to compete in the direct-to-consumer business, bringing together names like HBO, Warner Bros., Discovery, CNN, HGTV, Food Network, TNT, TBS and more.
Here’s How I’m Playing the AT&T- Discovery Deal – RealMoney
AT&T will receive $43 billion in cash, debt securities and debt retention, with AT&T shareholders controlling 71% of the new, and still unnamed company and Discovery shareholders owning 29%.
AT&T’s WarnerMedia And Discovery, Inc. Creating Standalone … – Insider
AT&T and Discovery Will Hold Joint Press Conference at 7:30am EDT and a Separate Call with Investors Will Begin … and AT&T’s shareholders would receive stock representing 71% of the new company …
Why AT&T’s Spinoff Could Benefit Long-Term Investors | Nasdaq
AT&T shareholders will own the other 71% of WBD, worth $44.97 billion – the $63.3 billion total, minus Discovery’s $18.4 billion. Divide that $44.97 billion by AT&T’s 7.14 billion shares …