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NextStage aborts merger plan

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Holding firm NextStage Inc. has aborted plans to merge with coconut-based vodka producer VuQo Inc. given restrictions on private placements among companies joining the bourse through backdoor listing.

Posted: February 7th, 2014 in Headlines | Read More »

Fiat strikes deal for full merger with Chrysler

A combo of file images shows the logos of Italian car manufacturer Fiat and US automobile heavyweight Chrysler. AFP FILE PHOTO

Italian carmaker Fiat said on Wednesday it had agreed to buy up the remainder of Chrysler in an historic $3.65-billion (2.66-billion-euro) deal, paving the way for a full merger that will create a new global auto giant.

Posted: January 2nd, 2014 in Latest Business Stories,Photos & Videos | Read More »

PH fashion brands merge

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Homegrown apparel brands Bayo and UnicaHija have agreed to merge their businesses to increase operational efficiency, accelerate customer and product expansion, and price their offers more competitively for the Philippine market.

Posted: October 11th, 2013 in Headlines | Read More »

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 »

Digital company buying US publication Newsweek

The once-influential US publication Newsweek is being sold to the all-digital news publisher IBT Media, the company said in a statement.  AP FILE PHOTO

The once-influential US publication Newsweek is being sold to the all-digital news publisher IBT Media, the company said in a statement.

Posted: August 5th, 2013 in Latest Business Stories | Read More »

Publicis, Omnicom merge to form world’s No.1 advertising group

Publicis

French advertising group Publicis and its US rival Omnicom will merge, bringing together the third and second largest firms in the sector to form the world’s advertising leader, the two companies announced Sunday.

Posted: July 28th, 2013 in Latest Business Stories | Read More »

China Bank thrift unit to merge with rural lender

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The thrift bank arm of China Bank has obtained its shareholders’ consent to merge with Pampanga-based rural lender Unity Bank.

Posted: July 20th, 2013 in Headlines | Read More »

China Bank Savings to merge with Pampanga bank

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china-bank

The thrift bank arm of China Bank has obtained shareholders’ consent to merge with Pampanga-based rural lender Unity Bank, a move that is meant to speed up its expansion program.

Posted: July 19th, 2013 in Latest Business Stories | Read More »

PNB shelves merger talks with Ayala-led bank

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Tycoon Lucio Tan-led Philippine National Bank is shelving merger talks with Bank of the Philippine Islands until such time it has grown big enough to enter a “merger of equals” with leading banks.

Posted: May 28th, 2013 in Headlines | Read More »

Digitel workers protest PLDT ‘retirement’ plan

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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.

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

To merge or not to merge

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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.

Posted: March 19th, 2013 in Editor's Pick,Headlines | Read More »

Gov’t urges merger of PSE, bond exchange

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.

Posted: March 18th, 2013 in Headlines | Read More »

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