ATC Music Group plc Regulatory News (ATC)

14 Nov 2005 07:00

AT&T Timetable for Paying Special Merger-Related Dividend BEDMINSTER, N.J., Nov. 14 -- AT&T Corp. (NYSE: T) announced today that it expects to pay the special dividend of $1.30 per share that was previously announced in connection with the pending merger of AT&T and a subsidiary of SBC Communications Inc. to holders of record of shares of AT&T common stock immediately prior to the consummation of the merger. AT&T and SBC expect that they could receive the last regulatory approval necessary to close the merger as early as November 18, 2005, and the merger could be consummated shortly after receipt of that approval. AT&T will pay the special dividend on the effective date of the merger. If the pending merger is not consummated, AT&T will not pay the special dividend. The special merger-related dividend will be paid to approximately 2.3 million shareowners. About AT&T For more than 125 years, AT&T (NYSE "T") has been known for unparalleled quality and reliability in communications. Backed by the research and development capabilities of AT&T Labs, the company is a global leader in local, long distance, Internet and transaction-based voice and data services. Logo: http://www.newscom.com/cgi-bin/prnh/19991018/ATTSOURCE AT&T Corp. 11/14/2005 /CONTACT: Jim Byrnes, +1-908-234-8754 - office, +1-908-313-8144 (wireless), jbyrnes@att.com, or Andy Backover +1-908-234-8632 - office, +1-908-432-2487 - wireless, or backover@att.com, both of AT&T / /Photo: http://www.newscom.com/cgi-bin/prnh/19991018/ATT / /Web site: http://www.att.com / (T)ENDAT & T CORPORATION