Slim Says He Could Exercise NY Times Stock Warrants
Mexican telecoms billionaire Carlos Slim says he could exercise stock warrants in The New York Times Co which expire early next year, a move that would more than double his stake in the media company. Slim currently owns about 8 percent of common shares, which would increase to about 17 percent if he exercises the warrants, according to a Reuters calculation using the New York Times’s latest SEC filing. Slim’s warrants were part of a deal he made with the Times in 2009 when he loaned it $250 million during the height of the financial crisis.
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