This case can be found in onlyhard copy format (HBP doesn't have digital distribution rights to the content). This is because the digital Teacher Duplicate of the case isn't accessible through this site.AT&T Canada (ATTC) is a merger arbitrage situation where AT&T Corp. has a contractual obligation to buy the shares of ATTC at an escalating formula cost. Nevertheless, the company of ATTC is performing badly, and its bonds are trading at substantial discounts to level.
It has been issuedto AT&T Corp. honoring its duty, the shares of ATTC seem to be attractively priced. The scenario is presented by the case from the viewpoint of a value investor trying to determine what positions to take in the shares of ATTC and its bonds.
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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