Southeast Asia ·
First Philippine rejects KKR's ₱165B bid for a First Gen stake, saying it undervalues the power unit
First Philippine Holdings turned down KKR's proposal to buy its 8.43% stake in First Gen Corp at ₱35/share (~₱165.44B, ~$2.69B) — the same per-share price reported as accepted just days earlier — saying the offer undervalued the power producer, leaving the planned tender-and-delisting path in question.
Source: DealStreetAsia ↗
Frequently asked questions
Is this an original report, or a copy of the source article?
This is original commentary and context written for this site, citing DealStreetAsia as the source. Read the full original reporting at the source link below.
How current is this information?
This item reflects reporting as of 17 August 2026. Secondary-market situations like this one can change quickly — check the source link for the latest developments.