In a disclosure, the PSE said Landbank’s offer was at P360 per share, for a total purchase price of P472.12 million. The PSE and the state-owned Landbank have been competing in the past to acquire the PDS Group. Landbank announced early this year it was buying a controlling stake in PDSHC, which operates the country’s fixed income exchange. Last March, Landbank has offered to acquire 66.67 percent of PDS for P1.5 billion or about P360 per share. This was better than the P320 per share price tag offered by PSE in June 2017.

Source: Philippine Star April 28, 2018 16:00 UTC