Thursday, April 5, 2012

Philippine Airlines Closes The Deal To Sell Shares To San Miguel Corporation



Last January, I wrote a blog post regarding the possibility of San Miguel Corporation Buying Shares of Philippine Airlines.  Just around three months after, a final deal was made known to the public, Philippine Airlines sells around 49% of its stake to San Miguel Corporation.



According to the news, "San Miguel president Ramon Ang said the $500-million investment had bought his company a 49-percent stake in PAL and its low-cost offshoot, Airphil Express".

Will this mean a price increase in the shares of stocks for Philippine Airlines and San Miguel Corporation brought about by the markets strong support of SMC's PAL acquisition? Or will this result to a turnaround?

Let's find out!  Share your ideas here.

Again, here's the link to my personal opinion/reaction. Just click here.

Also, here's the link from Yahoo News Philippines regarding the details of the acquisition.
Philippine Airlines sells minority stake to San Miguel.



Photo: From the wires.

1 comments:

This corporation is continuously growing. I won't doubt that one day, they might own that airline. I've been looking for stocks to buy too on classified ads in Manila so that my savings would propagate every year.

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