According to a report by Miguel Camus of InsiderPH [link], the negotiations surrounding the Okada Group’s rescue of PH Resorts Group [PHR 0.76 ?6.2%; 134% avgVol] have “stalled” and are “on the verge of collapsing” over “a disagreement on commercial terms.
have “stalled” and are “on the verge of collapsing” over “a disagreement on commercial terms.” The article quotes an “insider” who blames PHR’s “unrealistic” terms for the hitch in negotiations. PHR is currently owned by failing tycoon candidate The source in this article allegedly made a point of saying that the disagreement doesn’t involve differing impressions on the viability of the project. “Commercial terms” are things relating to price and payment or other financial aspects of the deal.
Anyone who has tried to download a prospectus for an IPO, FOO, SRO, or bond offering has likely encountered the scary-looking... France has a tough task to defend the Olympic men’s volleyball title on home soil in Paris next month. Bianca Pagdanganan’s title bid in the KPMG Women’s PGA Championship hit a major snag as she struggled with a two-over...France has a tough task to defend the Olympic men’s volleyball title on home soil in Paris next month.
Enrique Razon Okada Ph Resorts Group
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