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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:25 EDTAMOV, AMXAmerica Movil shares fall, Sim loses $3.8B of his net worth, Bloomberg reports
American Movil's (AMX, AMOV) Carlos Slim, the world’s richest man at $74.2B, lost $3.8B from his net worth yesterday as shares of the company fell 10% after the mobile phone operator said slower economic growth in Mexico hurt revenue, reports Bloomberg. The shares had their biggest decline since April 2008. Reference Link
News For AMX;AMOV 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 Brazil’s 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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