1. Axelum [AXLM 2.40, up 3.0%; 299% avgVol] [link] stake sale agreement with Metro Pacific Investments (MPI) has now been amended to chop the full stake price of P5.32 billion into installment payments, and to condition those installment payments on “achievement of certain EBITDA milestones up to the original purchase price under the original share purchase agreement.” MPI said that it needed to “dig deeper” into AXLM’s FY23 and FY24 projected financials after, according to MPI, “they have not met their targets” and “the expected outcome in terms of performance in our earlier due diligence has not happened.”