April 9, 2022: merger is complete.
March 28, 2022: more details released, Deadline.
- T to spinoff WarnerMedia
- WarnerMedia to combine with Discovery
- ATT to issue a special dividend on April 5, 2022: 0.24 shares of Warner Bros Discovery for every share ATT
- ATT: two-way trading to begin April 4, shareholders getting option to buy or sell shares of ATT with / without WBD shares
- ATT quarterly dividend: 28 cents / ATT shares, part of the company's annual dividend of $1.11 after the spinoff closes
- unusually high number of individual investors, rather than institutions, owning its stock: ATT's dividend is a closely watched obligation on its balance sheet
- dividend payable May 2, 2022; record date, April 14, 2022
- in line with previous guidance
- exact date of closure not specified as of March 25, 2022
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