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Alaska Milk seeks delisting from Philippine Stock Exchange
date:Sep 05, 2012
This move comes as the Dutch dairy cooperative Royal FrieslandCampina filed a tender offer notice to purchase the remaining minority stake in Alaska.
FrieslandCampina Philippines is planning to purchase the remaining 14.94 million common shares of Alaska. These will be acquired at PHP24 ($0.56) a share, for a total of worth PHP358m ($8.49m).
After completing the tender offer, FrieslandCampina Philippines expects Alaska Milk to be delisted from PSE's official registry by 5 November 2012.
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12/22 02:13