KPN May Face Shareholder Pressure Over M&A Stance: MergerMarket
2014-06-18 07:25:16.638 GMT
By Sam Chambers
June 18 (Bloomberg) -- Two of KPN’s minority shareholders
are open to joining up with Paulson & Co. to pressure KPN’s mgmt
over its stance on consolidation, MergerMarket reports.
* Paulson is currently in “efficiency” talks with KPN mgmt
and may be ready to dispute co.’s stance on consolidation,
according to a person familiar with matter
* Minority shareholders say KPN should “acquire or be
acquired”
* America Movil will re-evaluate its stance over KPN after the
outcome of the proposed sale of E-Plus is known, according
to a person familiar
* NOTE: Paulson & Co. acquired 4.5% stake in KPN in March
* KPN shareholders here
* NOTE: EU has set a deadline of July 10 to rule on proposed
sale of E-Plus
* NOTE: Dutch govt plans to create a law to safeguard national
security if a telco receives a takeover approach
For Related News and Information:
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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
2014-06-18 07:25:16.638 GMT
By Sam Chambers
June 18 (Bloomberg) -- Two of KPN’s minority shareholders
are open to joining up with Paulson & Co. to pressure KPN’s mgmt
over its stance on consolidation, MergerMarket reports.
* Paulson is currently in “efficiency” talks with KPN mgmt
and may be ready to dispute co.’s stance on consolidation,
according to a person familiar with matter
* Minority shareholders say KPN should “acquire or be
acquired”
* America Movil will re-evaluate its stance over KPN after the
outcome of the proposed sale of E-Plus is known, according
to a person familiar
* NOTE: Paulson & Co. acquired 4.5% stake in KPN in March
* KPN shareholders here
* NOTE: EU has set a deadline of July 10 to rule on proposed
sale of E-Plus
* NOTE: Dutch govt plans to create a law to safeguard national
security if a telco receives a takeover approach
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
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