BDO still growing.. Security Name : BDO Unibank, Inc. Date : 03/26/2014 Headline : C01369: BDO Unibank acquisition of citibank Source : Content : Details of the acquisition or disposition Date -Mar 25, 2014 Manner -BDO acquired 99.99% of the outstanding shares of CSI. Description of the company to be acquired or sold -CSI is a thrift bank with 10 operating branches. The terms and conditions of the transaction Number of shares to be acquired or disposed -83,685,288 Percentage to the total outstanding shares of the company subject of the transaction -99.99 Price per share -Final purchase price to be validated Nature and amount of consideration given or received -Cash. Final purchase price to be validated. Principle followed in determining the amount of consideration -Adjusted net asset value Terms of payment -Payment on closing. Final purchase price to be validated. Conditions precedent to closing of the transaction, if any -BSP approval and other customary closing conditions for share acquisitions. Effect(s) on the business, financial condition and operations of the Issuer, if any -CSI is now a subsidiary of BDO and expands the distribution network of the BDO Group.
Posted on: Fri, 28 Mar 2014 10:49:19 +0000
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