Market Overview

America Movil To Acquire 21% Stake In Telekom Austria

Share:
Related AMX
Benzinga's Top Upgrades, Downgrades For January 12, 2017
Benzinga's Top Upgrades
Slim setting up TV channel for U.S. market aimed at Mexicans (Seeking Alpha)
Related TKAGY
Is Jefferies The Steel Industry's Virgil In This Not-So-Divine Comedy?
Telekom Austria Q1 Profit Surges

America Movil (NYSE: AMX) agreed to acquire a 21% stake in Telekom Austria (OTC: TKAGY) from investor Ronny Pecik.

The financial terms of the transaction were not disclosed.

America Movil shares closed at $24.09 yesterday, while Telekom Austria shares closed at $20.17 yesterday.

Posted-In: merger and acquisitionNews M&A

 

Related Articles (AMX + TKAGY)

View Comments and Join the Discussion!