Tag: Tender Offer
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No shares tendered as Coal Asia pushes water pivot
Coal Asia Holdings Inc. reported that no minority shareholder tendered shares during its recent tender offer period, clearing the way for its planned transformation into a water utilities company without additional buyouts.
Asian Terminals plans PSE exit in April
Asian Terminals Inc. (ATI) has filed a petition with the Philippine Stock Exchange (PSE) to voluntarily delist its shares, setting April 3 as the target exit date, following a strategic investment by the country’s sovereign wealth fund.
Monte Sur moves to mop up Dominion shares
Dominion Holdings Inc. (DHI) is heading toward a possible ownership reshuffle after the company disclosed that Monte Sur Equity Holdings Inc. intends to launch a tender offer for all remaining DHI shares held by the public.
PhilWeb control sale triggers tender offer
PhilWeb Corp. is set for a change in control after its principal shareholder, Gregorio Araneta Inc. (GAINC), agreed to sell its entire 57 percent stake to two domestic holding firms, a deal that will trigger a mandatory tender offer to minority shareholders.
Kepwealth completes tender on Keppel Holdings shares
Kepwealth Inc. said it has completed the tender offer for all the outstanding shares of Keppel Philippines Holdings Inc. as part of its plan delist the company Philippine Stock Exchange.
