As part of América Móvil’s bid to buy up outstanding shares in Telmex, Haynes & Boone LLP has assisted US telecoms company AT&T International in selling off its stock in the Mexican fixed line telecoms company for some US$1.1 billion. >>
DALLAS – Haynes and Boone, LLP has successfully assisted AT&T International, Inc. in an exchange offer launched by America Móvil, S.A.B. de C.V. to acquire the capital stock of Teléfonos de México, S.A.B. de C.V. (Telmex) it does not already directly or indirectly own.
AT&T tendered its share participation in Telmex in a transaction valued at about US$1.1 billion. The public offer was launched Oct. 11 on the Mexican and New York stock exchanges and closed Nov. 11. >>
DALLAS / MEXICO CITY – Haynes and Boone, LLP once again has been recognized by
Latin Lawyer as a recommended firm for Latin American legal work in the 2011 edition of the
Latin Lawyer 250, a ranking guide that tracks leading law firms working throughout the region. >>
Haynes and Boone represented Krispy Kreme Doughnuts, Inc. in its recent sale of equity interest in Krispy Kreme Mexico, S. de R.L. de C.V. (“KK Mexico”), the company’s franchisee in Mexico, to KK Mexico’s majority shareholder, a transaction worth approximately $7.8 million. >>
DALLAS – Haynes and Boone, LLP has successfully assisted AT&T International, Inc. in an exchange offer launched by America Movil, S.A.B. de C.V. to acquire Telmex Internacional, S.A.B. de C.V. AT&T tendered its share participation in Telmex International for America Movil’s shares in a transaction valued at about US$1.6 billion. >>
On May 10, 2011, a Decree was published in the Official Journal of the Federation (
Diario Oficial de la Federación) that amended, supplemented, and repealed various provisions of the Federal Competition Law (
Ley Federal de Competencia Económica), the Federal Penal Code (
Código Penal Federal) and the Federal Tax Code (
Código Fiscal de la Federación) (collectively, the “Decree”) in the area of antitrust regulation. >>
Last week, a Decree was published in the Official Journal of the Federation that amended, supplemented, and repealed various provisions of the Federal Competition Law (
Ley Federal de Competencia Económica), the Federal Penal Code (
Código Penal Federal) and the Federal Tax Code (
Código Fiscal de la Federación) (collectively, the “Decree”) in the area of antitrust regulation. >>