MANILA, Philippines — Tanco-led port operator Asian Terminals Inc. (ATI) has moved closer to its exit from the Philippine Stock Exchange after completing a tender offer to minority shareholders. The exercise raised the ownership of ATI’s controlling shareholders beyond the threshold required for delisting from the local bourse. In a disclosure on Wednesday, ATI said a total of 177.61 million common shares had been tendered at the end of the offer on March 3. This number is equivalent to 9.16 percent of the company’s total issued and outstanding shares. The shares were priced at P36 per share, covering up to 191.44 […]... Keep on reading: ATI tender offer completed ahead of PSE exit