Reuters: Mergers News: KPN opposes America Movil offer, to review German ops

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KPN opposes America Movil offer, to review German ops Jun 1st 2012, 05:42 AMSTERDAM, June 1 | Fri Jun 1, 2012 1:42am EDT AMSTERDAM, June 1 (Reuters) - Dutch telecoms group KPN , target of Mexican tycoon Carlos Slim's telecoms group America Movil, on Friday advised its shareholders not to accept the Mexican offer to obtain a stake in KPN. KPN said in a statement the offer of 8 euros per share or about $3.25 billion in total, was too low, and it would review "strategic options" for its German operations E-Plus to create "superior value" for all its shareholders.

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