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America Movil delays KPN bid until October

2013-09-30 08:38:00| Telecompaper Headlines

(Telecompaper) America Movil said it does not expect to launch its public bid for KPN until October. The offer of EUR 2.40 per share was previously expected in September, but America Movil is still in talks with KPN and the Dutch operator's stakeholders about the terms of the deal. America Movil said it's making "good progress" towards finalizing preparations for the bid and expects to publish the offer memorandum in the course of October. The company said it was still considering its options in relation to the move last month by the Stichting Preferente Aandelen B KPN, a private foundation set up to protect KPN's interests, to take a blocking stake in the company. America Movil said that it still could withdraw its intended offer or not declare the offer unconditional, if the foundation retains its right to acquire or vote the preference shares.

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America Movil moves KPN buyout offer to October

2013-09-30 02:00:00| Total Telecom industry news

Mexican phone giant still in talks with stakeholder group that claims its takeover is hostile.

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KPN continues America Movil talks

2013-09-12 02:00:00| Total Telecom industry news

Mexican telco giant rejects KPN shareholder foundation claims that it has deliberately opted for a hostile takeover.

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America Movil CFO sees telco maintaining credit ratings

2013-09-06 02:00:00| Total Telecom industry news

Mexico-based operator faces possible downgrades as it gears up for 7.2bn KPN offer.

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AT&T, America Movil, Sawiris sound out Telecom Italia: source

2013-09-05 16:38:47| Telecom - Topix.net

Egyptian tycoon Naguib Sawiris, AT&T and America Movil have made contact with the core Telecom Italia investors who want to sell their shares in the Italian group, a source close to the situation said.

Tags: source sound america italia

 

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