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                    [ArticleID] => 98679
                    [Title] => Tan, gov’t near deal on PNB shares
                    [Summary] => Beer and tobacco magnate Lucio Tan has reportedly agreed to sign a "put and call" agreement with the government that basically ties him down to buy the government’s  shares in the Philippine National Bank two years from now at P91 per share, if the government still has not been able to dispose of its shares by that time.


At the same time government also retains the "call" option to buy back the same shares two years from now at P60 per share plus a 13-percent carrying cost if the bank is successfully turned around and becomes viable.


                    [DatePublished] => 2000-10-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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PHILIPPINE PHOSPHATE AND FERTILIZER CORP

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                    [ArticleID] => 98679
                    [Title] => Tan, gov’t near deal on PNB shares
                    [Summary] => Beer and tobacco magnate Lucio Tan has reportedly agreed to sign a "put and call" agreement with the government that basically ties him down to buy the government’s  shares in the Philippine National Bank two years from now at P91 per share, if the government still has not been able to dispose of its shares by that time.


At the same time government also retains the "call" option to buy back the same shares two years from now at P60 per share plus a 13-percent carrying cost if the bank is successfully turned around and becomes viable.


                    [DatePublished] => 2000-10-31 00:00:00
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abtest

Tan, gov’t near deal on PNB shares

By Marianne V. Go | October 31, 2000 - 12:00am

Beer and tobacco magnate Lucio Tan has reportedly agreed to sign a "put and call" agreement with the government that basically ties him down to buy the government’s shares in the Philippine National...

Business