AMX Moves to Buy Remaining Telmex Shares

AMX Moves to Buy Remaining Telmex Shares

Mexico M&A Equity

As the last step in an effort to get all of the Mexican billionaire Carlos Slim’s telecom operations under one roof, America Movil (AMX) plans to make a public offer for the 40.04% shares of Telmex it doesn’t own, spending up to MXP76.34bn ($6.51bn). AMX will offer MXP10.50 per share for the approximately 7.2m shares, representing what it says is an 11.1% premium over the average share price of the last 30 days, or a 2.7% premium to Monday’s MXP10.22 close. If successful, AMX woul

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial