DMCI launches mandatory tender offer for CHP public float
DMCI Holdings [DMC 11.50 unch; 76% avgVol] [link] will conduct a tender offer to acquire up to 1.37 billion common shares of Cemex PH [CHP 1.60, up 3.2%; 107% avgVol] at P1.42/share. This is a mandatory tender offer that is required by the PSE’s Listing and Disclosure Rules following the change of control that occurred when the Consunji Family, through DMC, acquired majority control of CHP from Cemex Asia B.V. earlier this year.