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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:06 EDTAMX, TKAGYAmerica Movil seeks freindly takeover of Telekom Austria, Reuters reports
America Movil (AMX), headed by Carlos Slim, is planning a friendly takeover of Telekom Austria (TKAGY) through a shareholder syndicate with its major Austrian shareholder that could lead to a public share offer, according to News magazine, reports Reuters.Reference Link
News For AMX;TKAGY From The Last 14 Days
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November 19, 2014
13:06 EDTAMXDeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
November 12, 2014
13:47 EDTAMXAT&T CEO says America Movil assets not needed for success
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November 7, 2014
06:14 EDTTKAGYTelekom Austria announces capital increase of up to EUR 1B
The management board of Telekom Austria Aktiengesellschaft, with the approval of Telekom Austria's supervisory board, has resolved on a capital increase targeting net proceeds in the amount of up to EUR 1B by offering up to 221,500,000 newly issued no-par value ordinary bearer shares. The new shares will be issued following a share capital increase from authorized capital and will be carrying dividend rights as of January 1, including the intended dividend of EUR 0.05 per share for FY14. The capital increase will consist of an offering to existing shareholders, and potentially followed by private placements of new shares to qualified investors in Austria and other selected countries, including in the U.S. to qualified institutional buyers as defined in Rule 144A under the US Securities Act, and outside of the U.S. to certain other eligible institutional investors in reliance on Regulation S under the U.S. Securities Act. The Rights Offering will commence on November 10 and is expected to end on November 24. Telekom Austria intends to use the net proceeds of the capital increase to re-establish its target capital structure and maintain a credit rating of at least BBB by Standard & Poor's. The approval of the prospectus for the capital increase by the Austrian Financial Market Authority is expected for today. Reference Link

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