The Phinma business group is further expanding its education business with a bid to take over Laguna College of Business and Arts (LCBA) in Calamba City for P313.2 million.
In a notice of tender offer to shareholders of LCBA, Phinma Education Holdings Inc. announced an offer to acquire at least 55 percent to as much as 100 percent of the 1.08 million common shares of LCBA at P290 per share.
The tender offer is set to start on May 19 and end on June 19 this year.
Phinma Education, a wholly owned subsidiary of diversified conglomerate Phinma Corp., seeks to provide accessible and quality education nationwide.
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