Under the Halsbury's Laws of England, 'amalgamation' is defined as "a blending together of two or more undertakings into one undertaking, the shareholders of each blending company, becoming, substantially, the shareholders of the blended undertakings.There may be amalgamations, either by transfer of two or more undertakings to a new company, or to the transfer of one or more companies to an existing company".The Mexican operator will get a 60.7% stake in Telint and an indirect 59.4% stake in Telmex, which are currently held by Carso Global Telecom.America Movil will subsequently offer 0.373 shares or MXN11.66 (
Mexico-based landline service provider Carso Global Telecom is the holding company of Telint and Mexico's incumbent fixed-line operator Telefonos de Mexico or Telmex.The proposed transaction is subject to a number of approvals, including clearance from Mexico's antitrust regulator “Cofeco.The deal (worth more than billion), should it materialize, will make America Movil a telecom powerhouse strongly positioning it against its principal rival Telefonica ( Free Report) and emerging competitors.Treatment to the acquired company: The acquired company records in its books the elimination of its net assets and the receipt of cash, receivables or investment in the acquiring company (if what was received from the transfer included common stock from the purchasing company)..92) in cash for each Telint share to buy the remaining 39.3% stake in the entity.
Do you feel like your life is on hold because you’re trapped by all your debt payments? Consolidating your debt could be the answer you’re looking for.Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.
Do you feel like your life is on hold because you’re trapped by all your debt payments? Consolidating your debt could be the answer you’re looking for.
Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.