Hints and tips:
...Now they are finding it costs money, writes the FT’s James Mackintosh. Hungary spent Monday trying to undo the damage from its new government’s warning that it might be the next Greece....
...The acquisition comes a few weeks after Edward Whitacre, the long-time chief executive who engineered a string of large takeovers for AT&T, was replaced in that role by Randall Stephenson....
...His main achievement at Lehman was to advise Edward Whitacre, then chief executive of SBC Communications, as he embarked on a three-year acquisition spree beginning in 2004....
...In January, Mr Whitacre went in for the kill....
...In 2005, when SBC bought AT&T and took its name in a $16bn acquisition, Lehman worked for Ed Whitacre, the company’s chief executive....
...Announcing the deal on Monday, Edward Whitacre, AT&T?s chairman and chief executive, said the tie-up was ?a logical fit?...
...Edward Whitacre will remain as chairman and chief executive of the new company. SBC said it expected the deal would yield $15bn in synergies, net of the cost to achieve them....
...The paths of Ed Whitacre, SBC's chief executive since 1990, and David Dorman, his counterpart at AT&T, already crossed in the late 1990s when Pacific Bell, run at the time by Mr Dorman, was acquired by SBC...
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