Southeast Asia ·
KKR proposes an 8.43% First Gen block buy at a 117% premium, teeing up a delisting tender
KKR, which already holds 19.9% of the Philippine power producer, disclosed a preliminary proposal to buy an additional 8.43% stake directly from First Philippine Holdings at ₱35/share — a 117% premium to July's close — followed by a voluntary tender for the remaining 11.67% public float aimed at taking First Gen private.
Source: Manila Bulletin ↗
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