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AT&T (NYSE:T) will buy Centennial Communications (CYCL) for $8.50/share, vs. its Friday...

Nov. 10, 2008 8:54 AM ETAT&T Inc. (T) StockT, CYCLBy: Rachael Granby, SA News Editor
AT&T (NYSE:T) will buy Centennial Communications (CYCL) for $8.50/share, vs. its Friday close of $3.84/share. AT&T expects significant synergies from the deal, with minimal dilution of EPS or cash flow. Premarket: CYCL +102% to $7.77. T +3.3%.

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