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Stock Market & Financial Investment News

News Breaks
July 15, 2014
07:21 EDTAMX, TKAGY, AMOVAmerica Mobile aims to own over half of Telekom Austria, Reuters says
America Movil (AMX, AMOV) said it aims to own just over half of Telekom Austria (TKAGY) in a $1B buyout bid, giving chairman Carlos Slim a foundation to boost his presence in European telecoms, according to Reuters, citing comments from Slim. America Movil already owns close to 27% of Telekom Austria and is looking to gain an additional 23.47% of the firm's shares. Reference Link
News For AMX;AMOV;TKAGY From The Last 14 Days
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December 10, 2014
15:19 EDTAMOV, AMXTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg says
Telefonica (TEF), Oi SA (OIBR), and America Movil (AMX, AMOV) owned Claro plan to team up on a takeover bid for Tim Participacoes (TSU) that would value it at about $15B, said Bloomberg, citing people with knowledge of the matter. Telecom Italia (TI), which owns 67% of Brazilís Tim Participacoes, believes Tim should be valued at about $25B or more, including debt, according to a person familiar with the matter, the report noted. Shares of Tim trading in New York are up about 6.6% to $23.69 in afternoon trading after rising as high as $26.54 immediately following the headlines from Bloomberg's report. Reference Link

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