MPIC tender offer price not final, First Pacific tells shareholders

MANILA  -Indonesian tycoon Anthoni Salim’s First Pacific Group said the final buyout price in the P49-billion privatization of Metro Pacific Investments Corp. could still be revised after a powerful association of fund managers joined minority stockholders in demanding better terms. First Pacific, the single-biggest shareholder of the Philippine utilities and infrastructure giant, is among the … Continue reading MPIC tender offer price not final, First Pacific tells shareholders