AT&T Inc (NYSE:T) said on Monday it is confident a federal court reject the Justice Department's expected challenge to its planned $85. 4 billion acquisition of Time Warner Inc (NYSE:TWX).
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The company's general counsel, David McAtee, said the suit was "a radical and inexplicable departure from decades of antitrust precedent." He added in a statement that the company saw "no legitimate reason for our merger to be treated differently" than other vertical mergers.