BusinessWorld E-paper
April 28, 2023
METRO PACIFIC Investments Corp. (MPIC) is planning to delist from the stock exchange, as First Pacific Co. Ltd., GT Capital Holdings, Inc. and Japan’s Mitsui & Co. Ltd. announced on Thursday a tender offer to buy a minority stake in the infrastructure conglomerate.
The consortium is offering to buy out the minority shareholders owning a combined 36.6% at P4.63 per share, representing a 22% premium over the one-year volume weighted average price of MPIC’s common shares on the Philippine Stock Exchange (PSE).
