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Belle Corp. offered to buy out the stake of small shareholders of its gaming firm Premium Leisure Corp. for P0.85 per share.
The tender offer period will run from March 22 to April 24, 2024, while payment and settlement of the shares to be tendered was set from April 25, 2024 to May 9, 2024. Based on FMIC’s report, using various valuation methodologies, PLC is fairly valued at P0.60 to P0.85 per share.The tender offer price is 41.6 percent higher than the PLC’s one-year volume weighted average price of P0.60 apiece.
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