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KKPNY - Royal KPN jumps on rumors of interest from 'multiple' suitors
Koninklijke KPN NV ADR
Dutch telecom Royal KPN (KKPNY) is up 6.8% in U.S. trading amid rumors of interest from "multiple" potential suitors, amplified at Betaville. The chatter says that KPN (an $11B company) has absorbed some fresh approaches about a takeover, in the wake of reports of new interest from private-equity firm EQT. Shares were up 7% in Amsterdam.