Has learned that an unsolicited "mini-tender" offer has been made by Ponos Industries LLC ("Ponos") to purchase up to 14,000,000 shares of AT&T common stock at $36.00 per share
While this price is above the current market price of AT&T common stock, the offer is conditioned upon the closing price of AT&T's shares exceeding the $36.00 offer price, as noted below. The offer is dated September 10, 2018, and indicates that it will expire at 5:00 p.m., New York City time, on October 12, 2018, unless extended at the sole discretion of Ponos.
--> AT&T wishes to inform its shareholders that it recommends rejection of this unsolicited offer and that AT&T is in no way associated with Ponos.