DAVAO UNION CEMENT AND HI-CEMENT

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                    [ArticleID] => 164475
                    [Title] => Union, Alsons merger hits snag
                    [Summary] => The expected merger between Union Cement Corp. (UCC) and Alsons Cement Corp. (ACC) is being delayed by discussions over management control and valuation.


Holderbank Financiere Glaris, which  has a 40-percent stake in ACC and  controls 40 percent of UCC, wants to have management control in the merged entity.


However, the Phinma group, which controls 60 percent of UCC and currently manages the cement firm, wants to continue managing  UCC even after the merger.


                    [DatePublished] => 2002-06-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097285
                    [AuthorName] =>  Marianne  V.  Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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Union, Alsons merger hits snag

By Marianne V. Go | June 13, 2002 - 12:00am

The expected merger between Union Cement Corp. (UCC) and Alsons Cement Corp. (ACC) is being delayed by discussions over management control and valuation. Holderbank Financiere Glaris, which has a 40-percent stake...

Business