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General

America Movil to launch takeover bid for KPN

Friday 9 August 2013 | 08:31 CET | News
America Movil has announced plans to launch a full takeover bid for KPN. It already holds 29.77 percent of the Dutch operator and plans to launch a public bid at EUR 2.40 per share to obtain majority control. The offer is a 35.4 percent premium on KPN's average share price in the past 30 trading days. America Movil said a full takeover of KPN would "facilitate greater operational cooperation and co-ordination between the two companies, to exploit all areas for potential partnerships and to intensify the realization of synergy potential for both companies". The company also commented on KPN's

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