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General

Investors bet on successful America Movil bid for KPN

Wednesday 21 August 2013 | 15:20 CET | Author: Tim Poulus | Market Commentary
KPN's share price has remained below the bid value announced by America Movil ahead of the expected launch of the offer in September. At the same KPN is moving ahead with its planned sale of E-Plus in Germany, with the shareholder vote now scheduled for 02 October. While KPN announced the EGM, AMX said the same day it had secured the necessary financing for the KPN bid. The Mexican company, which already holds just under 30 percent of KPN's shares, is offering EUR 2.40 per share. The stock closed at EUR 2.24 on 20 August and rose slightly the following day after AMX's announcement on

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