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       

LONDON SUGAR
Mes dernières consult.
Most popular
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
03:15pAmazon's Typical Worker Is in a Warehouse Making $28,446 a Year
DJ
04/20Brands Feel Price Power Slip Away -- WSJ
DJ
04/19Big Consumer Brands Like Raising Prices, but It Is Getting Harder -- 2nd Upda..
DJ
04/19Big Consumer Brands Like Raising Prices, but It Is Getting Harder -- Update
DJ
04/19Big Brands Struggle to Raise Prices
DJ
04/19Nestle 1Q Sales Rose on All-Category Growth
DJ
04/18Traders Hungry for Chocolate as Cocoa Futures Rally
DJ
04/17Sugar Futures Melt to New Low
DJ
04/17AB Foods Beats 1st Half FY2018 Profit Forecast -- Earnings Review
DJ
04/17Earnings Give Stocks a Bump
DJ
More news
Chart LONDON SUGAR
Duration : Period :
London Sugar Technical Analysis Chart | 4-Traders
Technical analysis trends LONDON SUGAR
Short TermMid-TermLong Term
TrendsBearishBearishBearish