
Edward E. Whitacre Jr. has a thing for airplane hangars. The chief executive of AT&T (T) has cut numerous acquisitions in these cavernous confines, including his $61 billion purchase of Ameritech. So when Whitacre and BellSouth (BLS) CEO F. Duane Ackerman were getting close to finalizing terms for AT&T's proposed $67 billion acquisition of BellSouth, the two boarded their corporate jets and flew to a nondescript hangar in Memphis.