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Stock Market & Financial Investment News

News Breaks
August 30, 2013
12:51 EDTKKPNY, AMXAmerica Movil has no intention of raising offer price for KPN, Reuters says
America Movil spokesman says the company is not willing ot agree to any curbs on its managerial involvement in the operation of KPN. It also has no plans to use the European courts to press case for KPN acquisition, and it will to analyze whether to maintain its stake in KPN if a takeover offer does not succeed.
News For AMX;KKPNY From The Last 14 Days
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December 10, 2014
15:19 EDTAMXTelefonica, 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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