Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Commodities  >  London Sugar       

SummaryChartsNewsAnalysis 
News SummaryAll newsTweets 

San Miguel In Talks To Buy 49% Of Philippine Airlines : Sources -Bloomberg News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/24/2012 | 02:22am CEST

San Miguel Corp. (SMC.PH), the Philippine food and beverage conglomerate, is in talks to buy 49% of Philippine Airlines Inc. and take management control of the country's largest carrier, Bloomberg News reported Friday on its website, citing three unnamed sources.

San Miguel is expected to pay $500 million for the stake, the report quoted one of the sources as saying. The holdings of Lucio Tan, who controls Philippine Airlines through companies including PAL Holdings Inc. (PAL.PH), will drop to about 51% as the carrier will issue new shares, the report added.

A Philippine Airlines spokesman and San Miguel President Ramon Ang both declined comment, the report said.

Full Story: http://www.bloomberg.com/news/2012-02-23/san-miguel-said-to-be-in-talks-to-buy-49-of-philippine-airlines.html

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LONDON SUGAR
06:25pDJArcher Daniels Midland Sweet on Chamtor -- Market Talk
05:29pDJCotton Falls on Concerns About Larger Crop Next Year
06:57aDJCotton Falls on Concerns About Larger Crop Next Year
03/24DJSugar Futures Up as Brazil Production Falls
03/22DJCotton Futures Gain Ahead of USDA Report
03/22DJCotton Futures Gain Ahead of USDA Report
03/21DJSugar Falls as Bullish News Becomes Scarce
03/21DJSugar Falls as Bullish News Becomes Scarce
03/20DJCocoa Jumps on Concerns of El Niño, Bean Quality
03/20DJCocoa Prices Rise on Possible Return of El Niño
More news
Advertisement
Chart LONDON SUGAR
Duration : Period :
London Sugar Technical Analysis Chart | 4-Traders
Full-screen chart
Technical analysis trends LONDON SUGAR
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis