SM revives Goldilocks deal, 'in final stages' of acquiring 34 stake


Posted at Aug 13 2018 04:20 PM

MANILA - SM Investments Corp on Monday confirmed that it has revived its plan to buy Goldilocks Bakeshop Inc. 

The Sy-led firm is in "final stages of completing its acquisition of 34 percent of the total outstanding capital stocks of Goldilocks Bakeshop Inc," SM Investment told the stock exchange. 

SM earlier backed out from the deal in early 2018 shortly after getting the approval of the Philippine Competition Commission.