America Movil News
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Mexico started marketing a sale of Samurai bonds which aren’t guaranteed by the Japanese government and plans to price the notes this month, according to a person with direct knowledge of the matter.
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European stocks declined for a second week after an inconclusive election in Greece left political parties struggling to form a government, increasing speculation that the nation might fail to implement austerity measures.
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The world’s richest people lost a combined $17.1 billion this week as concern over JPMorgan Chase & Co.’s $2 billion trading loss and the weakening euro pushed the Standard & Poor’s 500 Index to a two-month low.
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Carlos Slim’s America Movil SAB said it won’t raise its 8-euro per share offer to increase its stake in Dutch phone company Royal KPN NV to as much as 28 percent and will wait to see if shareholders accept the bid.
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America Movil SAB won’t raise its 8- euro per share offer to increase its stake in Royal KPN NV to as much as 28 percent, Chief Financial Officer Carlos Garcia-Moreno said in an interview with Het Financieele Dagblad.
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Royal KPN NV, the Dutch phone company that rejected an unsolicited 2.6 billion-euro ($3.4 billion) offer for a stake by Carlos Slim’s America Movil SAB, has a defense in the event of a hostile takeover bid.
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The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses, and prices are as of 2:06 p.m. in Mexico City.
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Royal KPN NV, the Dutch phone company that attracted a 2.6 billion-euro ($3.4 billion) bid from billionaire Carlos Slim’s America Movil SAB for a bigger stake, said the offer is too low and it is exploring strategic options.
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America Movil SAB’s 2.6 billion-euro ($3.4 billion) offer to boost its stake in Dutch phone company Royal KPN NV pitches billionaire Carlos Slim against Telefonica SA’s Cesar Alierta in some of Europe’s most competitive markets.
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The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses, and prices are as of the close of trading.
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