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Carlos Slim's American Movil (AMX +1.4%) does an end-around management at KPN (KKPNY.PK) to take...

Carlos Slim's American Movil (AMX +1.4%) does an end-around management at KPN (KKPNY.PK) to take effective control of the company, acquiring 27.7% in a tender offer. U.S. investor Capital Research and Management appears to be the strength behind the move, reducing its exposure in KPN to 6.79% from 15.11%. The stake puts AMX just below the 30% threshold which requires a bidder for a Dutch firm to buy the whole company.
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