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LANDBANK: 43% of PDS shareholders accept offer

THE LAND BANK of the Philippines (LANDBANK) said shareholders representing 43% of the fixed-income bourse have accepted its offer to buy their shares, with the share purchase agreement (SPA) expected to be signed this week.

LANDBANK says nearly half of PDS shareholders accept share purchase deal

THE LAND BANK of the Philippines (LANDBANK) said that about 43% of shareholders in the Philippine Dealing System Holdings Corp. (PDSHC) have accepted the...

PSE’s terms for PDS sale keep changing, Finance dep’t complains

THE GOVERNMENT said the Philippine Stock Exchange (PSE) is imposing constantly changing conditions for signing the agreement to sell its 20% stake in the Philippine Dealing System (PDS), a fixed-income exchange, thereby slowing the deal’s completion.

BDO raises P8.2 billion from LTNCDs

BDO Unibank, Inc. raised P8.2 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to manage the bank's liabilities. At...

LANDBANK offers P472 million to buy PSE shares in PDS

The Philippine Stock Exchange, Inc. (PSE) said it has received an offer from the Land Bank of the Philippines (LANDBANK) to buyout its shares...

SEC to grant exemptive relief to winning bidder for PDS

By Arra B. Francia, Reporter THE Securities and Exchange Commission (SEC) said on Friday it will only grant exemptive relief once it is clear if...

PSE prices stock rights offer at a premium

THE Philippine Stock Exchange, Inc. (PSE) has priced its stock rights offer (SRO) at a premium, the underwriter of the deal said on Friday. BDO...

PSE acquires Philam’s 4% stake in PDS for P80 million

THE Philippine Stock Exchange, Inc. (PSE) has once again raised its stake in the Philippine Dealings System Holdings Corp. (PDSHC), after acquiring The Philippine...

Competition watchdog says PSE withdrew notice for PDS merger

By Arra B. Francia, Reporter THE country’s competition watchdog on Wednesday said the Philippine Stock Exchange (PSE) has withdrawn the notification for a review of...