B_B schreef op 30 augustus 2013 01:28:
KPN foundation intervenes to block America Movil offer for KPN
Reuters
August 30, 2013, 4:13 am
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"We wouldn't be surprised to see AMX go to (the European Union) to challenge the authority and legality of the foundation on the back of this move," said Imari Love, analyst at Morningstar. "It's clear the foundation is trying to keep KPN Dutch-owned by using this poison pill, which, in effect, has the same impact of golden shares, which are illegal."
It is also possible that America Movil could negotiate and offer a higher price for the 70 percent of KPN it does not already own.
"The foundation believes that America Movil should, in accordance with the rules and what is common practice in the Netherlands, open negotiations with KPN's Board of Management and the Dutch government as soon as possible," the foundation said in its statement.
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In a research note written before the KPN foundation's announcement, analysts at Sanford Bernstein said, "We think that KPN could be worth as much as 3 euros per share."
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"The fear now will be that Slim will now try to exit - any sign that he will throw in the towel and sell down his stake will hang over the KPN shares," said the person familiar with the sector.
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