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SMC starts P12.66-B offer for Eagle Cement shares

San Miguel Equity Investments Inc. (SMEII), a wholly-owned subsidiary or San Miguel Corporation has started the P12.66 billion tender offer for shares amounting to 11.5 percent of Eagle Cement Corporation held by minority stockholders.
In a disclosure to the Philippine Stock Exchange, Eagle Cement ....

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Lopez Holdings files petition for voluntary delisting from PSE


Published December 15, 2020, 4:00 PM
Lopez Holdings Corporation has formally filed a petition for voluntary delisting of its 4.63 billion  common shares from the main board of the Philippine Stock Exchange (PSE).
In a disclosure to the Philippine Stock Exchange, the firm said the delisting is conditioned on the public float of the company falling below the 10 percent minimum public ownership (MPO) requirement upon the completion of a Tender Offer for its shares by associate First Philippine Holdings Corporation.
The Lopez Holdings Board of Directors had acknowledged last December 1 the conduct by FPH of a Tender Offer to acquire a minimum of 20 percent and a maximum of 45.56 percent of the total issued and outstanding common shares of Lopez Holdings from all minority shareholders at a price of P3.85 per common share. ....

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