Manny V. Pangilinan (MVP) is on a buying spree. Through his holding firm Metro Pacific Investments Corp. (MPI), MVP acquired the following: telecommunication company PLDT in 1988; water concessionaire Maynilad in 2006; the Manila North Tollways in 2008; the Philippines’ largest mining company Philex in 2009 power distribution company Meralco in 2009; hospital Makati Medical …
Manny Pangilinan to buy Philippine Airlines (PAL)? Read More »
Another bidding war is supposedly in the making between the two groups allegedly responsible for the 275% increase in the price of Meralco (MER) during the last 7 months. The latest battlefront: Philex Mining Corporation (Stock Code: PX).
As stock traders and investors go gaga over the staggering price increase of the stock of Meralco (Stock Code: MER), several officials of the power distribution company are locking in profits by selling their shares, disclosure reports to the Philippine Stock Exchange (PSE) show. In July alone, more than 65,000 shares were disposed by eight …
Meralco officials sell MER stocks, cash in P14.8 million Read More »
If you’re currently following the Philippine stock market, you’re most probably aware of the continuous surge in the price of Meralco (Stock Code: MER). The stock of the power utility company was one of the Philippine Stock Exchange (PSE)’s biggest gainers during the first half of 2009. As of July 31, it was up by …
Meralco (MER) stock surges 275% due to Ang-MVP bidding war Read More »