EL UNIVERSAL
CARACAS, Monday April 09, 2007 | Update
Cantv shares down 18.09 percent for takeover bid
The stocks of major telecommunications company Cantv tumbled
18.09 percent Monday at the Caracas Stock Exchange at the
beginning of the government takeover bid as a result, according
to brokers, of falling interest in their trading.
The shares have been traded at USD 3.01, but the deal stopped
at 10:30 a.m., Reuters reported.
On the Cover
IISS: The FARC financed Chávez before 1999
10:07 AM. DIPLOMACY. Admired by the Colombian guerrilla after his coup attempt in 1992, the then lieutenant colonel Hugo Chávez Frías received financial support by the Colombian Revolutionary Armed Forces (FARC) for his projects after his capture that year. This mostly explains the relationship and "debt" between the parties, as revealed by a paper of the International Institute for Strategic Studies (IISS) of the United Kingdom.
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