Mexican billionaire Carlos Slim's America Movil (AMX.N) has made 7.2 one billion euros ($ 96 billion) of shares bid Dutch Telecom Group KPN (KPN.AS) it is not already own, challenging opponents KPN's offer for German companies.
Spain's Telefonica (TEF.MC) last month made ??a rare KPN's German subsidiary E-Plus $ $ 1.1 billion bid, foundries America Movil's European investment questions. KPN as well as nearly 30% of the shares, American Movil company, 24% of Telekom Austria (TELA.VI) paper has lost money two transactions.
"In the E-Plus's - they (provider America Movil) will now block the deal there is a significant risk, said:" Will Draper, an analyst at Espirito Santo.
People close to the case said that the U.S. company that Telefonica Movil's bid for E-Plus as too low.
America Movil's (AMXL.MX)'s on Friday said it would offer 2.4 euros per share in cash ($ 3.21), the rest of KPN. This is just fine according to pay 8 euros per share in May last year when he started to build his one-third share in the business.
2.4 euros is KPN's share price over the last 30 trading day average closing price premium of approximately 35%, the Americas moved.
KPN full value of about 1.02 billion euros, compared to 810 million euros, Telefonica has E-Plus's bid.
0710 GMT (midnight EDT 3:10), KPN shares were up 18.4% 2.367 euros.
America Movil supplier said it had invited to meet KPN's supervisory and management committee "as soon as possible" to discuss, to achieve "greater co-operation and coordination of business between the two companies offer."
KPN said it had taken note of the offer and was studying it.
"Management Board and the Supervisory Board informed in advance, and will carefully consider the intent of America Movil offer," it said, all of the strategic choices that will explore the open KPN.
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