Company's 1,829 stores" (Kmart 2003). In May 2003, the Company emerged from Chapter 11 protection.
We believe Kmart is an excellent candidate for acquisition because Kmart has low stock value and is experiencing little to no performance levels. We also believe both Kmart and AT&T combined will increase the overall value of AT&T which will eventually place AT&T firmly within the competitive world. Our overall goal for AT&T is to establish them with the most optimal capital structure. This assumption will be supported by financial analysis within the charts attached to this memo. We also believe that with proper management and planning, the acquisition will be beneficial to employees from both companies and to consumers in general.