Lopez majority flags third ‘poison pill’ tied to Piki removal

MANILA, Philippines — The Lopez family majority claimed it had uncovered a third “poison pill” provision tied to the possible removal of Federico “Piki” Lopez from First Gen Corp.  They warned that several Lopez-led firms could fall into default. READ: Lopez Holdings loses two directors amid family feud In a statement on Wednesday, the majority said Energy Development Corp., First Balfour Inc. and First Gen would be considered in default if Piki Lopez were removed. The group led by Eugenio “Gabby” Lopez described the provision as a “booby trap” that could harm the very companies under the Lopez group. “He has […]... Keep on reading: Lopez majority flags third ‘poison pill’ tied to Piki removal

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