Wednesday, 19 September 2018

America Movil pulls KPN offer

By Nick Wood , Total Telecom
Thursday 17 October 13

Analyst claims possible Brazil consolidation could be behind Mexican telco giant's withdrawal.

America Movil has withdrawn its bid to take control of KPN after refusing to sweeten its €2.40 per share offer and failing to make any headway with a shareholder foundation opposed to the deal. Foundation Preference Shares B KPN in August exercised an option to acquire nearly 50% of KPN's voting shares and block America Movil's offer…

America Movil has withdrawn its bid to take control of KPN after refusing to sweeten its €2.40 per share offer and failing to make any headway with a shareholder foundation opposed to the deal. Foundation Preference Shares B KPN in August exercised an option to acquire nearly 50% of KPN's voting shares and block America Movil's offer…

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