PSE proposes new stock valuation rules 0 SHARES Share it! Share TweetBy James A. LoyolaThe Philippine Stock Exchange Inc. is coming out with new rules on the valuation of stocks subject of tender offers or other modes of acquisition after complaints from minority shareholders prompted the bourse to review its existing rules. The move to come out with stock valuation rules was prompted by complaints from minority shareholders of Melco Resorts and Entertainment (Philippines) Corporation whose parent company made a tender offer for minority shares with the aim of having the stock delisted. Most shareholders eventually agreed to tender their shares despite complaining about the price since they didn’t want to end up with shares of a delisted stock. With a forced delisting instead of a voluntary delisting in the horizon, most minority shareholders eventually tendered their shares at Melco’s offered price.

Source: Manila Bulletin December 20, 2018 13:52 UTC