This is the right time for Elliott to take stake in AT&T, says Gordon Haskett's Bilson

News broke on Monday that Elliott Management is taking a stake in AT&T and calling for a restructuring of the company. The news sent the stock higher in Monday's trading. Don Bilson, head of events-driven research at Gordon Haskett, and Frank Louthan, telecom analyst at Raymond James, join "Squawk Box" to discuss.