Hedge fund Elliott Management takes a $3.2B stake in AT&T, questions its M&A strategy and operational execution, calls for reassessing leadership team (Alex Sherman/CNBC)

Alex Sherman / CNBC:
Hedge fund Elliott Management takes a $3.2B stake in AT&T, questions its M&A strategy and operational execution, calls for reassessing leadership team  —  KEY POINTS  — Hedge fund Elliott Management takes a $3.2 billion stake in AT&T, questioning its M&A strategy and operational execution.

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