The tender offer for Metro Pacific Investments Corp.’s (MPIC) publicly-held shares has been increased by over 12% after the earlier valuation was deemed too low, as the company seeks to push through with plans to delist from the Philippine Stock Exchange (PSE).
The tender offer for Metro Pacific Investments Corp.’s publicly-held shares has been increased by over 12% after the earlier valuation was deemed too low, as the company seeks to push through with plans to delist from the Philippine Stock Exchange .
The updated price also reflects a 37% premium over the one-year volume weighted average price of common shares, and is P0.10 higher than the top-end of the P3.37 to P5.10 price range provided by independent financial advisor Unicapital Inc. The offer is set to be launched by the bidders immediately after the special stockholders’ meeting scheduled on August 8, 2023, should the voluntary delisting from the PSE be approved by shareholders.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cebu Pacific to resume Manila-Beijing flights by OctoberBudget carrier Cebu Pacific is ramping up flights to China amid the anticipated increase in air travel demand to one of the most popular tourist destinations in Asia. Alex Reyes, chief strategy
Read more »
Japan set to pour Fukushima water into Pacific, irking ChinaJapan is set to win approval to discharge more than a million cubic meters of treated water from the Fukushima nuclear disaster site into the Pacific Ocean, a contentious plan that’s soured ties with neighbors including China. ManilaBulletin READ:
Read more »
Bomb hoax in Bacolod-Silay airport prolongs Cebu-Pacific flight delayFlight 5J472 departs for Manila at 2 am, July 3 without police finding the hoax sender, citing the lack of a phone number and their unfamiliarity with iPhone features.
Read more »
Bomb threat sent to passenger delayed Cebu Pacific flightFollowing a security check by the authorities that delayed the flight for two hours, the plane was able to successfully take off early Monday.
Read more »
No one’s safe: 8-hour flight delay hits Cebu Pacific CEO, top execNot even Cebu Pacific’s chief executive officer and a top executive could escape the long flight delays that have hounded passengers in recent months – even as the executives were on a mission to tackle their airline’s own flight disruptions.
Read more »
COVID-19 positivity rate in Metro Manila down to 4.9% — OctaMANILA, Philippines — The COVID-19 positivity rate in the National Capital Region (NCR) has dipped to 4.9 percent as of July 1, Octa Research fellow David Guido said. In a Twitter post on
Read more »