Monday, 05 December 2016

Make up your own minds on America Movil, Telekom Austria tells shareholders

By Mary Lennighan, Total Telecom
Wednesday 28 May 14

Austrian incumbent's supervisory and management boards decline to make a recommendation on Mexican telco's takeover offer.

The people in charge of Telekom Austria have declined to pass judgement on America Movil's takeover bid, leaving it up to shareholders to make up their own minds about the €7.15 per share offer. In line with Austrian takeover law, the telco's management board said in a statement on Tuesday that it will not give an explicit recommendation on the offer because it is unable to clearly assess whether the offer price values the operator correctly…

The people in charge of Telekom Austria have declined to pass judgement on America Movil's takeover bid, leaving it up to shareholders to make up their own minds about the €7.15 per share offer. In line with Austrian takeover law, the telco's management board said in a statement on Tuesday that it will not give an explicit recommendation on the offer because it is unable to clearly assess whether the offer price values the operator correctly…

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