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Stock Market & Financial Investment News

News Breaks
February 18, 2014
08:47 EDTTSU, TITelecom Italia CEO says Tim Participacoes not for sale, Bloomberg reports
Telecom Italia (TI) CEO Marco Patuano says Brasil is a core market and that TIM Brasil (TSU) is not for sale, according to Bloomberg, citing Patuano's comments to reporters in Brasil.
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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