DALLAS (dpa-AFX) - AT&T Inc. (T) is in talks with Elliott Management Corp. to resolve the activist investor's campaign for change at the company, the Wall Street Journal reported citing people familiar with the matter.
They have held a series of wide-ranging discussions since Elliott disclosed a stake in AT&T five weeks ago and publicly urged the company to restructure its business, the Journal reported.
AT&T and Elliott could reach an agreement as soon as this month, though the talks could also fall apart, the report said.
According to the report, AT&T delayed the release of its quarterly earnings, giving the two sides more time to reach an agreement. The company is now expected to discuss its latest results on October 28.
Copyright RTT News/dpa-AFX