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                    [ArticleID] => 170379
                    [Title] => PAL questions valuation of shares
                    [Summary] => Philippine Airlines is questioning the price which the government financial institutions (GFIs) are asking PAL to pay for the shares which they have been trying to sell back to the airline company.


Calling the valuation "onerous," PAL said it is willing to settle the claim of the GFIs if the valuation is reviewed and possibly scaled down.


The GFIs have sent two demand letters asking for the settlement of the put option where PAL agreed to buy back government’s share for P5 each.


                    [DatePublished] => 2002-08-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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ASIA BREWERY AND FORTUNE

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                    [ArticleID] => 170379
                    [Title] => PAL questions valuation of shares
                    [Summary] => Philippine Airlines is questioning the price which the government financial institutions (GFIs) are asking PAL to pay for the shares which they have been trying to sell back to the airline company.


Calling the valuation "onerous," PAL said it is willing to settle the claim of the GFIs if the valuation is reviewed and possibly scaled down.


The GFIs have sent two demand letters asking for the settlement of the put option where PAL agreed to buy back government’s share for P5 each.


                    [DatePublished] => 2002-08-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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abtest

PAL questions valuation of shares

By Des Ferriols | August 1, 2002 - 12:00am

Philippine Airlines is questioning the price which the government financial institutions (GFIs) are asking PAL to pay for the shares which they have been trying to sell back to the airline company. Calling the valuation...

Business