Deals
Telekom Austria Jumps After Carlos Slim’s KPN Bid: Vienna Mover
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Telekom Austria AG, one of the two European network operators part-owned by Carlos Slim’s America Movil SAB, had its biggest single-day gain in more than four years after the Mexican billionaire’s company offered to take over Royal KPN NV.
The shares rose 46 cents, or 8.7 percent, to 5.73 euros today in Vienna. Trading was almost six times the 90-day average volume as the stock rose the most since December 2008.