The company said Tuesday that Mexican telecommunications giant America Movil will propose reclassifying three of its share series to shareholders.
The "AA," "A," and "L" share series would become part of the company's "B" series, it said in a filing. The change would require amending the company's bylaws and will be subject to regulatory authorization, America Movil said. (Reporting by Kylie Madry, Editing by Isabel Woodford)
Other Mexican Biz News
Mexican companies are spinning off the sports, gambling and cell tower businesses to revive share prices, and more such deals are likely in the coming months.
The "AA," "A," and "L" share series would become part of the company's "B" series, it said in a filing. The change would require amending the company's bylaws and will be subject to regulatory authorization, America Movil said. (Reporting by Kylie Madry, Editing by Isabel Woodford)
Other Mexican Biz News
Mexican companies are spinning off the sports, gambling and cell tower businesses to revive share prices, and more such deals are likely in the coming months.
