Because $28.50 per share will be paid in cash. Therefor $95 minus $28.50 = $66.50 share value once the deal is completed in about one year, payable in AT&T stock. For each share of DTV stock you will receive between 1.905 shares and 1.724 shares of AT&T, depending on the stock price at closing. That's if the Feds approve the deal, as expected. No rush here.
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