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Stock Market & Financial Investment News

News Breaks
October 2, 2012
10:37 EDTTI, TSUTIM Participacoes facing regulatory investigation, Reuters reports
TIM Participacoes (TSU), Brazil's second-largest wireless phone company and the Brazilian affiliate of Telecom Italia (TI), is facing an investigation of its accounting practices by Brazilian securities regulator CVM and the U.S. SEC, according to a Reuters report. Reference Link
News For TSU;TI From The Last 14 Days
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December 10, 2014
15:19 EDTTI, TSUTelefonica, 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
13:46 EDTTSUTim Participacoes jumps 10.7% to $24.59 after report of Telefonica-Oi offer
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13:45 EDTTSUTelefonica, Oi, Claro to offer $15B for Tim Participacoes, Bloomberg reports
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