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Stock Market & Financial Investment News

News Breaks
February 25, 2014
06:03 EDTAMX, TKAGYAmerica Movil may want shareholder syndicate for Telekom Austria, Reuters says
America Movil (AMX) says it could begin formal talks to create a shareholder syndicate for Telekom Austria (TKAGY) with the company's biggest Austrian stakeholder, reports Reuters. America Movil, which has a 27% stake in Telekom Austria, has held discussions with different stakeholders of the Austrian company, including Austrian state holding company OIAG.Reference Link
News For AMX;TKAGY 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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