Stock Sale Clears Hurdle: The Mexican government...
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From Times Staff and Wire Reports
Stock Sale Clears Hurdle: The Mexican government requested the U.S. registration of non-voting shares in the Mexican telephone company, clearing the way for trading in the stock, known as “L” shares. The registration will permit shareholders in Telefonos de Mexico, one of the most actively traded stocks on the U.S. over-the-counter market, to trade the “L” shares that will be distributed as dividends later this year.
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