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Banco Invex SA Announces Takeover Bid For Total Stake In Maxcom Telecomunicaciones SAB de CV


Friday, 6 Sep 2013 07:13am EDT 

Maxcom Telecomunicaciones SAB de CV (Maxcom) announced that Banco Invex SA has presented a takeover bid to acquire the total stake in the Company, which is represented by 39,506,294 series A ordinary shares (5% stake) and 250,206,515 Ordinary Participation Certificates (Certificados de Participacion Ordinarios, CPOs), representing three Maxcom’s shares each (95% stake). The total amount of the offer ascends to MXN 763,788,311 and a price of MXN 2.90 per each CPO or its equivalent in shares. The due date of the offer is September 26, 2013. 

Company Quote

1.56
-0.06 -3.70%
10:42am EDT