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Stock Market & Financial Investment News

News Breaks
February 13, 2013
14:24 EDTAMXInbursa buys 40M America Movil shares, Reuters reports
Bank Grupo Inbursa, a Carlos Slim-backed financial group, bought 40M shares of America Movil (AMX) on Wednesday following the company's disappointing Q4 results, according to a Reuters report that cites a person close to the operation. Reference Link
News For AMX 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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