AMX Reaches 93% of Telemex

America Movil has reached 92.8% ownership of Telemex, according to preliminary results of its public offer to buy up the 40% it didn’t already own. About 5.9bn Telmex shares were tendered in a transaction that should cost AMX about MXP62.15bn ($4.58bn). AMX offered MXP10.50 per share, and plans to delist Telmex, as part of a reorganization effort to get all of the Mexican billionaire Carlos Slim controlled telecom assets under one roof.