Sunday, July 13, 2014





KPN shareholders to vote on E-Plus sale


October 02. 2013 8:39AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Shareholders of Dutch telecom Royal KPN NV are set to vote Wednesday on the sale of the company's German mobile subsidiary E-Plus for $11.4 billion to Telefonica SA at a meeting that may be overshadowed by wider questions about KPN's fate.


Mexican billionaire Carlos Slim owns a stake of 30 percent in KPN via his company America Movil, and plans a takeover bid of 2.40 euros ($3.25) per share, or 7.2 billion euros, for the rest.


KPN's managers and board have not expressed an opinion about the offer, angering shareholders' rights groups. In addition, the independent KPN Foundation has branded Slim's takeover attempt as "hostile" and exercised an option to issue itself preference shares with a 49.9 percent voting right in KPN as a poison pill measure.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds