KPN Still In Talks Over America Movil's $9.6B Buyout Plan

Law360, New York (September 12, 2013, 11:26 AM EDT) -- Dutch telecom giant Royal KPN NV is still holding constructive talks with America Movil SAB de CV over the Mexican company's €7.2 billion ($9.6 billion) takeover proposal, it said Thursday, buoying confidence in the deal two weeks after America Movil threatened to shelve its bid.

America Movil, controlled by Mexican billionaire Carlos Slim, said it would walk away from negotiations if a foundation tied to KPN kept up opposition to its proposal. The group, made up of former Dutch executives charged with protecting KPN shareholders' interest,...
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