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General

America Movil bid for Telekom Austria well-received - report

Friday 11 July 2014 | 11:30 CET | News
America Movil is getting closer to its goal of taking control of Telekom Austria, Die Presse reported, with investors likely to have accepted the takeover offer at a relatively attractive price. Carlos Slim's offer of EUR 7.15 expired on 10 July and the results are expected on 14 or 15 July. The offer represents a 10 percent premium over the relevant average price, Die Presse said. It added that this is well below the EUR 9 issue price of 2000 but that the share will never return to its peak of EUR 21.35 and many banks have recommended that Telekom Austria shareholders should accept the

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Categories: General
Companies: A1 Telekom Austria / America Movil
Countries: Austria
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