Just how much support could Elliott Management have among AT&T investors? Colby Synesael, an analyst with Cowen, said the new scrutiny from the activist investor is a positive for the company – and sees AT&T shareholders feeling the same way. “In total, we believe the overwhelming majority of AT&T investors would support the things Elliot is asking for, and to the extent they occurred, believe they would increase shareholder value,” wrote Synesael in a research note.
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