Travellers Intl tenders 1.33-B shares before delistingBy EIREENE JAIREE GOMEZhome/Business/Corporate News/Travellers Intl tenders 1.33-B shares before delistingTRAVELLERS International Hotel Group Inc. on Thursday said it had tendered 1.33 billion shares, paving the way for its delisting from the Philippine Stock Exchange (PSE). In a disclosure, the Andrew Tan-led hotel and casino operator said 1.32 billion common shares were tendered at the end of the offer period on September 23, while 261.81 million shares forming the public float were not tendered. This means that the resulting public float will be less than 2 percent after the crossing of shares on September 30. The project will add 940 rooms to Travellers’ total room portfolio. Travellers shares ended flat at P5.42 apiece on Thursday.

Source: Manila Times September 26, 2019 16:07 UTC