SM Group’s holding company, SM Investments, will conduct a tender offer to make 2GO, a leading general logistics company, a wholly owned subsidiary and delist it. The company plans to purchase 378.82 million outstanding shares at a price of 14.64 pesos per share, with a total investment of 5.5 billion pesos. The tender will run from March 2nd to March 10th. 2GO was owned by former Duterte ally Dennis Ui, but in 2021 SM invested P6.6 billion to become its largest shareholder. (6th, Star)
By News Room
More
Typhoon Wipha
Typhoon Wipha slams Hong Kong and southern China, cancels 500 flights and halts transport
HONG KONG — Typhoon Wipha tore through Hong Kong...
The Continuous Growth of the Gambling Market in Asia
The Asia Pacific gambling market is worth an estimated...
US military buildup in Japan defense strategy or dangerous escalation
The United States has embarked on a significant military...
Show your support if you like our work.
- TOPICS
- Philippines
Author
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.
Trending Stories
Ralph Lauren unveils Spring 2026 collection at New York Fashion Week with timeless luxury
Ralph Lauren launched New York Fashion Week with an...
NYT Spelling Bee answers Today: All words, pangram, points (Sep 10, 2025)
Updated: September 11, 2025, 04:30 IST • Today’s live...
UN General Assembly humiliates US and Israel, backs time-bound two-state plan
United Nations — In a sweeping diplomatic signal, the...
Gun violence and domestic terrorism in the US – Experts call for safety
The Minneapolis Catholic school shooting has thrust gun violence...
Global crime kingpin Amit Gupta drags Philphos and Buddy Zamora into scandal
The Philippine Phosphate Fertilizer Corporation (PHILPHOS), led by respected...
