Emplyees of Digitel Telecommunications Philippines Inc. have asked to be absorbed into the company’s new parent, Philippine Long Distance Telephone Co. (PLDT) following the merger between the two telcos.
Former President Fidel V. Ramos forced the union of the Manila and Makati Stock Exchanges two decades ago, with favorable results as we now have a single bourse, the Philippine Stock Exchange. What Finance Secretary Cesar Purisima wants to see under the term of President Aquino is to unify the bond and equities market.
The government is encouraging the merger of the Philippine Stock Exchange (PSE) and the Philippine Dealing and Exchange Corp. (PDEX) as such a move will create a stronger and more attractive securities market in the country.
The local unit of Malaysia’s AirAsia and Alfred Yao’s Zest Airways have
joined forces in a “dream merger” that will take on bigger rivals that dominate the country’s air travel industry.
The family of tycoon Henry Sy Sr. is considering an external proposal to consolidate property-related businesses, including residential property arm SM Development Corp. and flagship shopping mall unit SM Prime Holdings, into a single publicly listed entity.
Tycoon Lucio Tan has started the consolidation of his banking units into holding firm LT Group Inc. (LTG) with the purchase of a 30.5-percent stake in Philippine National Bank, the surviving entity in the merger with Allied Banking Corp.
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.
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.
Tycoon Lucio Tan’s banking arms Philippine National Bank and Allied Banking Corp. have executed a much-awaited merger via a share swap deal.
Fiat boss Sergio Marchionne said Sunday that he expected the merger of the Italian car giant and its US partner Chrysler will take place in 2014.
Caterpillar’s revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market.
The long-awaited merger of Philippine National Bank (PNB) and Allied Banking Corp. will finally push through on Feb. 9, nearly four years after plans were first made public.
