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Fly News Breaks for October 24, 2016
T, TWX
Oct 24, 2016 | 07:14 EDT
Brean Capital analyst Alan Gould noted AT&T (T) offered $107.50 to buy Time Warner (TWX) in a deal valued at more than $85B. The analyst believes the deal will pass regulatory scrutiny and could have the effect of raising the value of wireless assets. Gould raised his price target to $102 on Time Warner shares.
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