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Bell South's stock went up as do most takeover candidates upon the announcement of a merger.
The quote below is from this link:
http://news.zdnet.com/2100-1035_22-55567...
"SBC shareholders bid that company's stock up 15 cents to $23.77 a share in early trading. AT&T shareholders were less enthusiastic, pushing the shares down 69 cents to $19.02 each in morning trading."
Higher, but most mergers and buyouts give the shareholder a certain number of AT&T stocks.
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