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General

KPN takeover saga continues

Tuesday 3 September 2013 | 13:36 CET | Author: Kamiel Albrecht | Background
The Foundation Preferent Aandelen B KPN has executed its option to acquire 50 percent minus 1 of KPN's voting rights. The main reason for taking the blocking stake in KPN is the "hostile" takeover bid by America Movil, according to the Foundation, which was set up to protect KPN's interests. America Movil responded by saying it was committed to its bid and investing in KPN, although it does not rule out dropping its takeover attempt altogether.

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Categories: General
Companies: America Movil / E-Plus / KPN
Countries: Netherlands
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