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KPN Falls; America Movil Now Holds 27.1% Stake 2014-02-12 08:29:02.944 GMT
By Sam Chambers Feb. 12 (Bloomberg) -- KPN falls as much as 4.3% vs Stoxx 600 telcos -0.2%, with volume reaching 73% of its 3-month daily avg in first 27 mins trading. * In its annual report, America Movil discloses 27.1% stake in KPN. Filing here * As of Aug. 2013, AMX held 29.7% stake in KPN, according to Bloomberg data. Holders here * NOTE: Under Dutch takeover law, companies must make full takeover offer when they surpass a 30% stake in a co. * NOTE: KPN said it expects AMX to retain its stake after takeover snub * NOTE: KPN downside limited by potential of renewed AMX bid: Citi
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To contact the reporter on this story: Sam Chambers in London at +44-20-7673-2021 or schambers7@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net