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Stock Market & Financial Investment News

News Breaks
February 20, 2014
06:35 EDTAMX, NYTSlim to exercise NY Times Co. warrants this year, Bloomberg reports
Carlos Slim (AMX), the Mexican billionaire, plans to exercise warrants by year's end that will more than double his stake in the New York Times Co. (NYT) to as much as 19%, sources say, reports Bloomberg. Slim owns stock warrants giving him the right to buy 15.9M Times Co. shares at $6.36 apiece, about less than half their market value now. A source said when he exercises the warrants, he will hold on to the stake.Reference Link
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