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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 »

Trump's social media deal ignites 350 percent gain in SPAC's shares

ABS-CBN News
Posted at Oct 22 10:00 AM

Former US President Donald Trump's deal to create a social media app after Twitter Inc and Facebook Inc barred him won an exuberant endorsement from investors, with shares in a shell company backing the plan closing up more than 350 percent on Thursday after rising more than 400 percent earlier in the day. Read more »

SM Investments acquires majority of Goldilocks

ABS-CBN News
Posted at Aug 04 03:18 PM

SM Investments Corp approved the acquisition of a majority of the outstanding common shares of Goldilocks Bakeshop Inc. Read more »

PH conglomerates to be more active in acquisitions, divestments: SGV

Bruce Rodriguez, ABS-CBN News
Posted at Apr 07 07:08 PM

Philippine conglomerates will do a lot of divestments as well as acquisitions in the next 12 months as they adapt to the COVID-19 pandemic, a consultancy firm said on Wednesday.  Read more »

SM Investments says to acquire majority stake in 2GO

ABS-CBN News
Posted at Mar 19 11:10 AM

SM Investment Corp said Friday 2GO Group Inc would become a subsidiary following an additional acquisition of the majority of outstanding common stock.  Read more »

Exxon, Chevron CEOs discussed merger in early 2020: sources

Reuters
Posted at Feb 01 11:04 AM

The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter. Read more »

Playboy set to emerge anew as public company

Agence France-Presse
Posted at Oct 02 07:37 AM

The new Playboy will be seeking growth opportunities in branding of sexual wellness and lingerie products, apparel and accessories, gaming and lifestyle and cosmetics for men and women. Read more »

Fruitas reallocates IPO proceeds for site expansion, acquisitions

ABS-CBN News
Posted at Sep 14 09:46 AM

Fruitas Holdings Inc said Monday it would reallocate proceeds from its initial public offering for the site acquisition of its buko water commissary and its new headquarters. Read more »

China-backed third telco DITO sets land acquisition guidelines for tower, cell sites use

ABS-CBN News
Posted at Sep 11 01:35 PM

DITO Telecommunity said Friday locations for its facilities have been pre-determined as it released guidelines for land acquisition to be used for its tower sites and base stations.   Read more »