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America Movil abandons KPN take-over bid
2013-10-16 20:27:00| Telecompaper Headlines
(Telecompaper) America Movil has decided to not execute its intended offer on the remaining shares of KPN of EUR 2.40 per share. The operator already owns 29.8 percent of KPN's shares. During the last few weeks talks about the take-over have been held and several sources said that the talks were in the end stage. But KPN did not want to talk anymore if America Movil did not increase its bid. A KPN spokesperson told Telecompaper that its board of directors and supervisory board are currently studying America Movil's announcement with a reaction expected later this evening or tomorrow morning.
Tags: america
bid
takeover
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Category:Telecommunications