KPN (KKPNY.PK) rebuffs America Movil's (AMX) offer to raise its stake in the Dutch telecom,...

|By:, SA News Editor

KPN (KKPNY.PK) rebuffs America Movil's (AMX) offer to raise its stake in the Dutch telecom, saying the €8/share bid substantially undervalues the company. KPN's pink sheets closed +16.5% yesterday; AMX closed -9.6%. (previously)