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Portugal Telecom (PT +1.7%) is sounding out investors about launching a counterbid to...
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Friday, May 28, 2010, 8:53 AM ETPortugal Telecom (PT +1.7%) is sounding out investors about launching a counterbid to Telefonica's (TEF) €5.7B offer for PT's stake in Vivo (VIV), which it rejected. The saga took an additional twist Thursday when it emerged that Carlos Slim may be mulling a stake in PT to thwart Telefonica's ambitions.
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