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América Móvil is the struggle to KPN quite get owned
América Móvil want the strings at KPN have owned. The telco Mexican billionaire Carlos Slim has an unsolicited offer for all shares of KPN that is significantly higher than in an attempt to get the current value. Majority-
In a statement América Móvil, states that currently just under 30 percent of the shares of KPN holds that it is willing to pay. 2.40 euro per share This amountt is 35 percent higher than the average closing price of KPN in the past thirty days. With the current bid, the total market value of KPN are just over 10 billion euros.
The Mexican telco has indicated at least half of the shares, and consequently half of the votes at a shareholders’ meeting, wanting to get hold of. The Latin American provider will probably provide the opportunity to acquire KPN foothold in the European market. The announcement of the bid comes just weeks after KPN announced the German branch to E-Plus sell to Telefonica. América Móvil is critical of those sales, but only perhaps even hold a majority interest sale.
KPN confirms in a response that the company was informed of his plans informed by América Móvil and it will investigate. all ‘strategic options’ The bid comes as no surprise: América Móvil bought last year for almost 30 percent of the shares. KPN smothered the possible hostile takeover when in the bud with a cooperation agreement , but that could América Móvil legally beside him resign when the telco sold E-PlusViewing:-217
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