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America Movil SAB de CV Bids For Koninklijke KPN NV-Reuters


Friday, 9 Aug 2013 01:47am EDT 

Reuters reported that America Movil SAB de CV (America Movil) said on August 9, 2013 it is launching an offer to purchase all the shares of Koninklijke KPN NV (KPN) it does not already own at EUR 2.4 (USD 3.21) per share. America Movil currently owns about 1.27 billion shares in KPN, which represents 29.77% of all outstanding ordinary shares in the firm. KPN said it had taken note of the offer from America Movil and was studying it. The offer price would mean a premium of about 35.4% over the average closing. 

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