Thursday, December 28, 2006

A Good Year for BellSouth


With its takeover by telecom giant AT&T Inc. potentially days away, BellSouth Corp. shares continued to rise Wednesday and are now up more than 75 percent for 2006.

Shares of BellSouth added 57 cents to end at $46.62 on the New York Stock Exchange, where they have traded between $26.42 and $47.09 in the past 52-week period. The company's market capitalization is about $85 billion.

BellSouth's acquisition by AT&T, which was announced in March, will be the largest telecommunications merger in U.S. history and awaits only Federal Communications Commission approval.