] took 6,172,192,242 shares of PLC off the market and reduced PLC’s public float to just 0.45%. BEL disclosed that it owns 99.55% of PLC’s outstanding shares after the tendered shares were crossed and settled. The tender offer price offered by BEL for PLC shares was P0.85/share, which was a 15% premium to PLC’s pre-announcement price, but was an 8% discount to the market price after traders learned of BEL’s intent to conduct a tender offer for PLC shares and delist the company.
The US Federal Reserve decided to keep rates the same for the sixth straight time, and more importantly, gave no...
Source: News Formal (newsformal.com)
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