acquisition | ABS-CBN News

SEC OKs AXA Philippines, Charter Ping An merger: GT Capital

ABS-CBN News
Posted at Jan 04 12:18 PM

GT Capital Holdings said the SEC has approved the merger between AXA Philippines and its former insurance subsidiary Charter Ping An Insurance Corp. Read more »

Ayala, Yuchengco education units planning to merge

ABS-CBN News
Posted at Dec 05 06:30 PM

The Ayala-led National Teachers College (NTC) and the Yuchengco-led Affordable Private Education Center (APEC) Schools said they have approved a planned merger. Read more »

Talks to terminate chopper deal with Russia have begun - DND

ABS-CBN News
Posted at Oct 20 05:35 PM

Official talks for the termination of the Philippines' chopper procurement deal with Russia have begun, a defense official said, following a declaration Wednesday by Moscow's envoy to Manila that the contract remains valid. Read more »

Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal

Agence France-Presse
Posted at Oct 07 08:58 AM

A US judge suspended litigation on Elon Musk's proposed $44 billion acquisition of Twitter, giving the parties until October 28 to close the deal. Read more »

France eyes selling submarines to Philippines

Willard Cheng, ABS-CBN News
Posted at Sep 14 05:38 PM

Nicolas de la Villamarque of the French submarine builder Naval Group said it is proposing a government-to-government scheme for the Philippines to acquire 2 submarines. Read more »

ALAMIN: Ano ang pinagkaiba ng merger at joint venture?

ABS-CBN News
Updated as of Aug 18 02:16 PM

Ano ang pinagkaiba ng merger, acquisition, at joint venture? Read more »

SEC approves SMIC's acquisition of geothermal operator

ABS-CBN News
Posted at Aug 02 12:27 PM

The Securities and Exchange Commission has approved SM Investment Corp's acquisition of 81 percent stake in AllfirstEquity Holdings Inc. Read more »

BSP approves UnionBank acquisition of Citi PH consumer business

ABS-CBN News
Posted at Jul 20 09:06 AM

The Bangko Sentral ng Pilipinas has approved UnionBank's acquisition of Citigroup's consumer business in the Philippines, the bank said Wednesday. Read more »

Bloomberry to develop resort-casino in Ternate, Cavite

ABS-CBN News
Posted at May 19 10:46 AM

Bloomberry Resorts Corp on Thursday said its new subsidiary Solaire Entertainment Property Holdings Inc signed a deal with landowners to purchase properties in Paniman, Ternate, Cavite which it intends to develop into an integrated resort. Read more »

Dennis Uy's Udenna says partnerships 'normal' amid report of potential asset sale

ABS-CBN News
Posted at May 13 07:42 PM

Udenna Corp run by Davao-based businessman Dennis Uy on Friday said partnerships have always been part of its philosophy amid reports that the firm is eyeing the sale of big assets. Read more »

Jollibee posts P2.3-B Q1 net income; cautious of rising costs

ABS-CBN News
Posted at May 12 10:01 AM

Jollibee Foods Corp said its net income attributable to equity holders hit P2.3 billion, a rebound compared to the P152.6 million in the same period last year. Read more »

Philip Morris in talks to buy Swedish Match

Agence France-Presse
Posted at May 10 09:18 AM

Tobacco giant Philip Morris International is in talks to acquire Swedish Match, the companies said, in a deal that would boost its smokeless offerings. Read more »

Social network Grindr going public at $2.1-B value

Agence France-Presse
Posted at May 10 09:11 AM

Social network Grindr said it has hooked up with a special purpose acquisition company to become a publicly traded company valued, out of the gate, at $2.1 billion. Read more »

Pfizer's COVID cash pile opens opportunities for deals

Manas Mishra, Reuters
Posted at Feb 08 08:16 AM

Investors on Tuesday hope to learn Pfizer Inc's plans for what could be a once-in-a-generation cash infusion from COVID-19 treatments and vaccines in 2022, with some looking for the drugmaker to spend on deals. Read more »

Robinsons Retail says to raise stake in Ministop Philippines to 100 percent

Jessica Fenol, ABS-CBN News
Posted at Jan 24 11:18 AM

Robinsons Retail Holding Inc on Monday said its unit Robinsons Supermarket Corp would raise its stake in Ministop in the Philippines to 100 percent. Read more »

UnionBank says Citicorp deal to boost retail business

ABS-CBN News
Posted at Jan 10 11:58 AM

UnionBank president Edwin Bautista told ANC that members of the bank’s board knew that the acquisition was going to be great for UnionBank. Read more »

MREIT to acquire 4 PEZA-accredited properties

ABS-CBN News
Posted at Nov 16 04:02 PM

Megaworld's MREIT Inc said Tuesday it would acquire 4 properties that are accredited by the Philippine Economic Zone Authority (PEZA) by December. Read more »

Fruitas Holdings buys Surehealth clinic in healthcare foray

ABS-CBN News
Posted at Nov 08 01:09 PM

Fruitas Holdings Inc on Monday said it has entered a deal to acquire 100 percent of shares of Surehealth Multi-Specialy and Diagnostic Clinic Corp (Surehealth) to mark its entry into the healthcare sector. Read more »

BSP, regulators ink deal on ease of bank mergers, acquisition

ABS-CBN News
Posted at Nov 05 04:57 PM

Financial regulators in the country on Friday signed a deal focused on streamlining mergers, consolidation and acquisition among banks, the Bangko Sentral ng Pilipinas said. Read more »

Jollibee to acquire majority stake in bubble tea firm Milkshop Int'l

ABS-CBN News
Posted at Nov 04 09:01 AM

Jollibee Food Corp said Thursday its unit would acquire the majority stake in Milkshop International Co Ltd in Taiwan for $12.8 million. Read more »