Brief: First Pacific Announces Tender Offer To Buy Shares In Metro Pacific Investments Corp

First Pacific

27/04/2023 02:19

April 27 (Reuters) - First Pacific Co Ltd  0142.HK :
    * METRO PACIFIC HOLDINGS, INC ENTERED MOA WITH MIT-PACIFIC,
MIG
HOLDINGS INC AND GT CAPITAL HOLDINGS
    * UNDER MOA, MPHI CONDITIONALLY AGREED TO PARTICIPATE AS AN
OFFEROR ALONGSIDE MIT-PACIFIC, MIG AND GT CAPITAL
    * MPHI TO PARTICIPATE AS OFFEROR TO MAKE TENDER OFFER TO BUY
OUTSTANDING COMMON SHARES OF MPIC HELD BY MINORITY PUBLIC
SHAREHOLDERS
    * AGGREGATE MAXIMUM AMOUNT OF CONSIDERATION PAYABLE BY MPHI
WOULD
BE 5.0 BILLION PESOS

Source text for Eikon:  ID:nHKSS0Clk 
Further company coverage:  0142.HK 

 ((Reuters.Briefs@thomsonreuters.com;))