DMCI Holdings acquires Cemex PH parent company for $305.6-M

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DMCI Holdings [DMC 10.86 ?0.7%; 52% avgVol] [link] and Semirara Mining and Power [SCC 32.50 ?0.8%; 22% avgVol] acquired Cemex Asian South East Corp (CASEC), the parent company of Cemex Philippines [CHP 1.36 ?28.4%; 267% avgVol], in a deal worth $305.6 million (~P17.6 billion).

, in a deal worth $305.6 million . CASEC owns 89.86% of CHP. The deal valued CHP at P1.42/share, and will result in a mandatory tender offer for the remaining 10.14% of the public float.This deal is going to burn a lot of speculators who jumped in over the past couple of months to try to front-run a tender offer for CHP shares. CHP’s price rose from around P0.90/share in early February to around P2.

For only P399: Elevate your skincare routine with your favorite serum brands at Watsons' Online Sale on April 26 Vista Land and Lifescapes posted an FY23 net income of P10.3 billion, up 39% from its FY22 net income of P7.4 billi... Almost every day, Miss Universe 2022 and fashion designer R'Bonney Gabriel fills her Instagram feed with videos of her new...Filipino-American model and fashion designer R’Bonney Gabriel has been in the Philippines for about a week now for “special...Almost every day, Miss Universe 2022 and fashion designer R'Bonney Gabriel fills her Instagram feed with videos of her new creations.

Former Ilocos Sur Vice Gov. Chavit Singson gave his reaction over Miss Universe Organization's move to allow transwomen and women with children to compete at the prestigious pageant. Filipino-American model and fashion designer R’Bonney Gabriel has been in the Philippines for about a week now for “special projects,” she told Philstar.com and other press at Rustan’s Makati’s summer launch last week.Philstar.

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