Haynes and Boone Advises AT&T in $1.1 Billion Mexican Exchange Offer


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.

Haynes and Boone represented AT&T as Mexican counsel in the transaction. Dallas-based partner Alberto de la Peña served as lead attorney. He was assisted by Mexico City Partner Antonio Franck and Dallas associate Armando Cuevas Brun.

The Haynes and Boone Mexico cross-border practice is one of the largest Mexico practices of any U.S. law firm. Its full-service practice based in Dallas and Mexico City features about 20 attorneys with a wide range of experience in handling the legal aspects of international business, foreign investment, trade regulation, project finance, infrastructure, litigation and arbitration.

Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Washington, D.C., Mexico City and Moscow, providing a full spectrum of legal services. With more than 525 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The firm has been named one of the "Best Corporate Law Firms in America" (Corporate Board Member Magazine, 2001-2011) and recognized as a “Top 20 Law Firm” for culture and for diversity with respect to both women and minorities (Vault, 2012).

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