MANILA, Philippines --- Conglomerate San Miguel Corp. (SMC) has asked the Securities and Exchange Commission (SEC) to defer the mandatory tender offer for shares of Holcim Philippines Inc. until after pricing had been finalized and the deal cleared by the Philippine Competition Commission (PCC). In a disclosure to the Philippine Stock Exchange on Friday, SMC said it had filed an application for exemptive relief with SEC relating to the conduct of the mandatory tender offer on Holcim Philippines shares by First Stronghold Cement Industries Inc. First Stronghold is a wholly-owned new unit of San Miguel Equity Investments Inc., which, in turn is a wholly-owned subsidiary of SMC. It is...
Keep on reading: San Miguel seeks leeway on tender offer for Holcim shares
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