Hedge funds are trading in and out of Koninklijke KPN N.V. (OTCMKTS:KKPNY) (AMS:KPN), the Netherlands-based telecommunication and IT company, reports JPM Prime Brokerage hedge fund trend monitor. The interest in Koninklijke KPN spiked after America Movil SAB de CV (NYSE:AMX) (NASDAQ:AMOV) bid $9.6 billion to buy the company. America Movil already has control over approximately 30 percent of KPN's outstanding shares, and the new terms of the deal need approval by at least 50 percent of KPN's shareholders.
Hedge funds buy...
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