TCI and AT&T are tinkering with their $31.7 billion
merger proposal in an attempt to keep nervous shareholders from scuttling
the deal, the Associated Press reported. Still up in the air is the
structure of a new class of stock that could insulate AT&T shareholders
from seeing profits drained by massive investments needed to upgrade TCI's
cable lines. AT&T stock has fallen more than 13 percent since the merger
was announced June 25.
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Discuss: Short Take: TCI, AT&T trying to head off deal-breaker
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