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#63506 - 08/30/1308:53 PM[Reuters] America Movil threatens to scrap KPN takeover bid
BRUSSELS/MEXICO CITY (Reuters) - America Movil threatened to abandon its bid for Dutch telecom KPN on Friday, saying it has no plans to raise the 7.2 billion euro ($9.5 billion) offer, after a foundation representing KPN told the Mexican firm to improve its proposal or face a veto.