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Metro Pacific adds Los Baños Doctors to hospital stable

ABS-CBN News
Posted at Feb 20 11:25 AM

Metro Pacific Hospital Holdings, led by tycoon Manuel Pangilinan, invested P250 million in Los Baños Doctors Hospital and Medical Center, taking a 51-percent equity interest, MPIC told the stock exchange. Read more »

Robinsons Retail divests from nail care business Chic Centre

ABS-CBN News
Posted at Feb 20 09:15 AM

Chic Centre, whose brands include Bobbie, Chic, Colortrends and Rain, "is no longer aligned" with Robinsons Supermarket, the retail arm of the Gokongwei Group told the stock exchange. Read more »

Antitrust body raises mergers, acquisitions thresholds for notification

ABS-CBN News
Updated as of Feb 17 12:42 PM

The threshold size of either firm or entity before the transaction will be increased to P6 billion from P5.6 billion effective March 1. The threshold for the size of transaction will be raised to P2.4 billion from P2.2 billion, the PCC said in a statement. Read more »

Razon may get majority voting rights in Manila Water by April: Ayala Corp

ABS-CBN News
Posted at Feb 11 01:22 PM

The grant of 51-percent voting rights to Razon-led Trident Water will be effective after the agreement closes on April 17, the date of the annual stockholders meeting and upon approval from the Securities and Exchange Commission, Ayala Corp told the stock exchange.   Read more »

Billionaire Razon offers to buy more Manila Water shares

ABS-CBN News
Posted at Feb 07 10:58 AM

Razon's Prime Metroline Holdings set the tender offer at P13 per share, lower than Manila Water's closing price of nearly P15 the previous day. Read more »

Manila Water 'not aware' of reported 'white knight' plan for Razon

ABS-CBN News
Updated as of Feb 04 11:02 AM

With Razon holding a 25-percent stake, Ayala Corp remains Manila Water's biggest shareholder with 38.6 percent, the water distributor told the stock exchange. Read more »

Century Pacific raises stake in Shakey’s

ABS-CBN News
Posted at Feb 03 02:45 PM

Century Pacific acquired 8 million commons shares at P9.50 apiece increasing its stake to 53.57 percent, Shakeys told the stock exchange. Read more »

Fruitas expands with fresh acquisitions

ABS-CBN News
Posted at Feb 03 11:23 AM

Fruitas acquired 100 percent of Soykingdom Inc which operates The Tofu Store specializing in soybean-related products, it said in a disclosure to the stock exchange. Read more »

Gokongwei group raises stake in PLDT to 11.23 percent

ABS-CBN News
Posted at Jan 07 09:36 AM

The Gokongwei group's holding company acquired 7,046,979 common shares of PLDT through the purchase and conversion of ADRs or American Depositary Receipts at $19.70 (P1,003) apiece. Read more »

Tiffany: American jeweler headed for the LVMH empire

Virginie Montet, Agence France-Presse
Posted at Nov 26 10:07 AM

Upon sealing the deal, LVMH chief Bernard Arnault called Tiffany itself a "jewel" and vowed to bestow it with "the same dedication and commitment" that the company had applied to all its businesses. Read more »

Louis Vuitton group puts ring on jeweller Tiffany in $16.2-billion union

Agence France-Presse
Updated as of Nov 25 05:32 PM

The companies said in a statement they "have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately 14.7 billion euros or $16.2 billion." Read more »

HP rejects Xerox takeover offer again

Agence France-Presse
Posted at Nov 25 11:57 AM

Computer and printer maker HP on Sunday reiterated its rejection of Xerox's $33 billion takeover bid, saying the sum "significantly undervalues" the company.   Read more »

French luxury giant LVMH nears deal to buy Tiffany

Vanessa Friedman, Elizabeth Paton and Andrew Ross Sorkin, The New York Times
Posted at Nov 25 08:04 AM

The world’s largest luxury goods company is close to completing a deal to buy Tiffany & Co., according to people briefed on the acquisition. The combination, worth $16.7 billion, would be the largest ever in the luxury sector. Read more »

Louis Vuitton group raises Tiffany bid to $16 billion: sources

Agence France-Presse
Posted at Nov 21 10:15 AM

LVMH, the owner of Louis Vuitton, Dior and Moet & Chandon increased its bid for the storied New York-based company to around $130 per share from $120 per share, the sources said. Read more »

Kylie Jenner sells $600-million stake in cosmetics brand to Coty

Agence France-Presse
Posted at Nov 19 10:27 AM

Under the transaction, Coty, whose brands include Hugo Boss and Burberry fragrances, will pay $600 million for a 51 percent stake in Jenner's company. Read more »

SoftBank, Line Corp seek to create Japanese internet giant

Ben Dooley, The New York Times
Posted at Nov 19 08:30 AM

The combination would bring together two prominent Japanese companies that have seen better days. Read more »

SoftBank's Yahoo Japan to merge with Line app operator

Agence France-Presse
Posted at Nov 18 05:42 PM

Mobile operator SoftBank Corp, the parent of Z Holdings (ZHD), and South Korea's Naver, Line's parent company, agreed the merger of ZHD and Line, SoftBank and Naver said in a joint statement. Read more »

Dennis Uy's Udenna buys Chevron's Malampaya stake

ABS-CBN News
Posted at Nov 13 04:27 PM

It was the second acquisition announced in as many days for Udenna, which on Tuesday said it was acquiring all 51 branches and the master franchise of American hamburger chain Wendy's in the Philippines. Read more »

Dennis Uy's Udenna acquires Wendy's Philippines

ABS-CBN News
Updated as of Nov 12 03:53 PM

Udenna did not disclose the value of the transactions, made through its subsidiary, Eight-8-Ate Holdings Inc. Uy's holding firm is now the master franchisee of the American hamburger chain in the country. Read more »

MacroAsia partners with Japan's Konoike Transport

ABS-CBN News
Posted at Nov 06 11:07 AM

MacroAsia Corp will acquire 30 percent stake in Japan Airport Service Co. Ltd. through NKS Holding Co. Ltd., the Tokyo-based subsidiary of Konoike Transport, the company said in a disclosure to the stock exchange.    Read more »