8 months Several shareholders accept offer for PDSHC Manilatimes |Biz
SOME shareholders of the Philippine Dealing System Holdings Corp. (PDSHC) have agreed to sell their stakes in the fixed-income bourse operator to Land Bank of the Philippines (Landbank), the state-run lender’s chief said on Thursday. In a text message, Landbank President Alex Buenaventura confirmed the move, but said “we are bound confidentially by our non-disclosure agreement.” He refused to disclose how many have accepted his bank’s offer. Landbank wants to own 66.67 percent of PDSHC. It originally priced its offer to buy shares of the bourse at P360 each — topping the Philippines Stock Exchange’s (PSE) P320 — but later ... more