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America Movil Launches Offer To Raise Stake In Royal KPN

MEXICO CITY -(Dow Jones)- Mexican telecommunications company America Movil SAB (AMX, AMX.MX) said Tuesday it's offering to raise its stake in Dutch phone company Royal KPN NV (KKPNY, KPN.AE) to as much as 27.7% for 8 euros ($9.98) per share. America Movil, controlled by billionaire Carlos Slim, said the offer is for up to 325 million KPN shares, which would bring its total holding in the Dutch company to 393.3 million shares. America Movil currently has a roughly 4.8% stake in KPN. America Movil said KPN shareholders can submit shares under the offer starting Wednesday at 9 a.m. central European summer time and ending June 27 at 5:50 p.m. CEST. The offer marks the first major investment in Europe for America Movil, which is the largest mobile service provider in Latin America. -By Anthony Harrup, Dow Jones Newswires; (5255) 5980-5176, anthony.harrup@dowjones.com

Stock News for America Movil (AMX)
DateTimeHeadline
04/23/201419:00:12America Movil to Make Bid for Telekom Austria -- Update
04/23/201418:10:30America Movil to Make Bid for Telekom Austria
04/23/201412:24:36Social Media Protests in Mexico Shape Telecom Bill
04/16/201417:10:07American Express Profit Rises on Higher Revenue
04/16/201416:40:51American Express Quarterly Profit Rises on Higher Revenue
04/01/201417:18:51ADR Shares End Higher; Anheuser-Busch InBev Shares Active
04/01/201400:00:47Regulators Cut América Móvil's Interconnection Rates
03/28/201416:00:13214;IAG Cleared to Complete America Movil Deal
03/28/201415:46:15214;IAG Gets Go-Ahead to Complete Agreement With America Movil
03/24/201419:25:12Mexico's President Unveils Telecom Bill
03/21/201416:26:10American Express CEO Awarded $24.4 Million for 2013 -- Update
03/17/201417:41:09GE Consumer Finance Unit Faces Two Federal Probes
02/24/201417:20:37ADR Shares End Higher; HSBC Shares Active
02/24/201417:06:12Correction to America Movil May Hold Tie-Up Talks Story
02/24/201416:50:09America Movil May Hold Tie-Up Talks Over Telekom Austria
02/24/201416:27:58America Movial May Hold Tie-Up Talks Over Telekom Austria
02/13/201402:20:17Mexican Telecom Regulator Set Back by Court Ruling -- 3rd Update
02/13/201401:16:59Mexican Telecom Regulator Set Back by Court Ruling --Update
02/12/201418:18:38ADR Shares End Mixed; ING, Nokia Shares Active
02/12/201411:31:09America Movil Says KPN Stake Reduced for Financial Reasons

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