Announced
Financials
Tags
Asset Managers and Custodians
Friendly
Public
Acquisition
Majority
Cross Border
Single Bidder
Philippines
investment holding
Pending
Tender Offer
Private Equity
Synopsis
First Pacific, an investment holding company, GT Capital, a Philippine conglomerate, and Mitsui, a global trading and investment company, offered to acquire a 36.7% stake in Metro Pacific Investments, a unit investment holding company, for $986m. On July 4, 2023, the consortium raised the tender offer price to $986m. “We regard this new offer as the best and final price the Bidders are able to deliver to MPIC’s minority shareholders. Due to the transaction timetable, approvals, and regulatory requirements of the entire process across multiple jurisdictions, there will be no further opportunity to adjust the price,” Christopher H. Young, First Pacific Executive Director.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.