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Allied stockholders to get new PNB shares at P70 each

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Taipan Lucio Tan-led Philippine National Bank plans to offer new shares to all stockholders of Allied Bank at P70 a piece pursuant to the merger between the two banks through a share-swap arrangement.

Posted: August 16th, 2013 in Headlines | Read More »

Swapping of PNB-Allied shares to complete merger

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pnb-allied

Philippine National Bank plans to offer new shares to all stockholders of Allied Bank at P70 per share pursuant to the merger between the two banks via a share-swap.

Posted: August 16th, 2013 in Latest Business Stories | Read More »

Lucio Tan group buys 30.5% of PNB

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Lucio Tan. FILE PHOTO

Tycoon Lucio Tan has started the consolidation of his banking units into holding firm LT Group Inc. with the purchase of a 30.5-percent stake in Philippine National Bank, the surviving entity in the merger with Allied Banking Corp.

Posted: February 12th, 2013 in Latest Business Stories | Read More »

PNB, Allied complete merger via share-swap deal

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Tycoon Lucio Tan’s banking arms Philippine National Bank and Allied Banking Corp. have consummated their legal merger through a share-swap deal, with PNB as the surviving entity.

Posted: February 11th, 2013 in Editor's Pick,Headlines | Read More »

PNB, Allied Bank execute merger

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pnb-allied

Tycoon Lucio Tan’s banking arms Philippine National Bank and Allied Banking Corp. have executed a much-awaited merger via a share swap deal.

Posted: February 11th, 2013 in Latest Business Stories | Read More »

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