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Tag: kpn
KPN finance chief quits
2013-09-09 02:00:00| Total Telecom industry news
Dutch incumbent says Eric Hageman's decision to leave is not related to 'present circumstances' at KPN.
Carlos Slim threatens to walk away from $9.5 billion KPN bid after poison pill measure
2013-08-30 13:45:18| Telecom - Topix.net
Carlos Slim threatened Friday to walk away from his 7.2 billion offer to buy the 70 per cent of Dutch telecom Royal KPN NV he doesn't already own after a foundation linked to the company mounted a "poison pill" defence.
KPN foundation blocks America Movil bid
2013-08-30 08:24:00| Telecompaper Headlines
(Telecompaper) A foundation set up to protect the interests of KPN has exercised a call option to take 49.9 percent of the voting rights in the Dutch operator. The Stichting Preferente Aandelen B said it decided to use the option in order to protect the interests of KPN and its stakeholders, including shareholders, employees, unions, customers and Dutch society. In a statement, it said these interests were at risk from the unsolicited takeover bid announced by America Movil. It claimed that America Movil knowingly chose the hostile route in order to create unrest among stakeholders. The Stichting called for America Movil to start talks with KPN and the Dutch government. Earlier in the week the Mexcian company already met with KPN's unions and a Dutch government minister. The unions appeared satisfied from the talks, while the minister also called it a "useful" conversation. However KPN's works council later issued a statement calling on the government to block the takeover in the name of the public interest.
Tags: america
foundation
bid
blocks
America Movil may pull KPN offer
2013-08-30 02:00:00| Total Telecom industry news
Shareholder group blocks deal by exercising option to acquire almost half of Dutch incumbent's voting shares.
Tags: offer
america
pull
movil
Foundation moves to freeze Slim's KPN takeover
2013-08-30 01:23:02| Telecom - Topix.net
Carlos Slim's bid to take over Dutch telecom Royal KPN NV has been thrown into doubt, as the KPN foundation set up to safeguard the company's interests said late Thursday it would issue shares to prevent what it termed a hostile takeover - for the time being.
Tags: foundation
moves
freeze
takeover
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