DirecTV Group (DTV), with its proposed acquisition by AT&T apparently progressing, got a price-target hike Thursday from investment bank UBS. UBS raised its price target on DirecTV’s stock to 95 from 82, citing a recent New York Post report suggesting that AT&T’s purchase for the satellite broadcaster will soon be approved. The story said “‘AT&T (T)has agreed to merger conditions with the Justice Department that would pave the way for its purchase
T-Mobile US (TMUS) stock fell in early trading Thursday despite fresh reports that SoftBank-controlled Sprint will offer about $40 per share to acquire the carrier, a roughly a 20% premium to where T-Mobile’s stock is trading, as investors weighed likely opposition to a deal from federal regulators. Possible regulator opposition, meanwhile, has kept DirecTV (DTV) stock trading below AT&T’sT buyout offer, as mergers and possible mergers roil the
AT&T might set its M&A sights on Latin America, particularly Brazil, if U.S. regulators approve its acquisition of satellite-TV broadcaster DirecTV Group, analysts say. AT&T (T) has agreed to buy DirecTV (DTV) for $48.5 billion, mostly in stock, turning away from another purported object of interest, U.K.-based Vodafone (VOD), whose wireless business spans Europe, India and other emerging markets. Acquiring DirecTV would give AT&T a financial