MANILA, Philippines — Government-owned Land Bank of the Philippines is giving shareholders of Philippine Dealing System Holdings Corp. (PDSHC) more time to evaluate its revised buy out offer. This is the second extension for the revised offer with the original deadline set at Dec. 31 that was extended to Jan. 31. “Extension until March 15, 2019 due to the request by many PDSHC shareholders,” Buenaventura said. Last year, Landbank lowered its offer price for PDSHC to P215 per share from the previous price of P360 per share after the fixed-income bourse declared dividends. Buenaventura expressed confidence that shareholders would still be open to selling their shares in PDSHC despite the lower offer.

Source: Philippine Star January 31, 2019 23:03 UTC