Time Warner, AT&T shares fall with concerns over deal clearance

Wall Street signaled skepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion acquisition of Time Warner Inc, with shares of both companies falling as analysts scrutinized the deal. Time Warner shares were trading some 20 percent below the implied value of AT&T's $107.50 per share cash and stock offer, indicating investors doubt that the companies would be able to complete the transaction. The deal, announced on Saturday, woul