Robinsons Retail mulls PSE exit as tender offer kicks off

MANILA, Philippines — Robinsons Retail Holdings Inc. (RRHI) requested a voluntary trading suspension today amid a planned tender offer that might lead to its delisting.  In a disclosure on Friday, Gokongwei-led firm said controlling shareholder JE Holdings Inc. intends to buy out remaining public shares at P48.30 each. This is backed by a fairness opinion from an independent advisor.  READ: RRHI to shut down No Brand stores in Philippines The tender offer covers shares that the delisting proponents do not own, aiming to reach at least 95-percent ownership in line with Philippine Stock Exchange rules.  The transaction remains subject to […]... Keep on reading: Robinsons Retail mulls PSE exit as tender offer kicks off

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