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                    [ArticleID] => 235981
                    [Title] => LNM Group continues to pursue bid for Nat’l Steel
                    [Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).


LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.


LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront. 


                    [DatePublished] => 2004-01-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 235148
                    [Title] => LNM pushes  counter-offer for National Steel
                    [Summary] => LNM Holdings is making one last ditch appeal to the Department of Trade and Industry (DTI) to convince the creditor banks of the National Steel Corp. (NSC)...
                    [DatePublished] => 2004-01-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [ArticleID] => 232152
                    [Title] => LNM hikes upfront cash offer for NSC to P2.5B
                    [Summary] => The informal bidding for the mothballed National Steel Corp. (NSC) continues to heat up as the LNM Group increased yesterday its offer for an upfront cash payment of P2.5 billion to immediately rehabilitate the steel firm and invest P4 billion for repairs, upgrades and working capital in the first year.


Earlier, LNM’s upfront cash offer was P2 billion, besting the other contending group’s P1-billion upfront cash offer.


                    [DatePublished] => 2003-12-19 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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            [3] => Array
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                    [ArticleID] => 231677
                    [Title] => Dutch firm offers P2-B upfront to restart NSC
                    [Summary] => The Netherlands-based LNM Group said it is willing to provide an upfront cash infusion "in excess of P2 billion" to rehabilitate and restart the National Steel Corp. (NSC) if it reaches a deal with the creditor banks of the mothballed steel firm.
                    [DatePublished] => 2003-12-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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                    [ArticleID] => 228237
                    [Title] => LNM Holdings willing to match Global’s NSC offer
                    [Summary] => LNM Holdings N.V. is still willing to match whatever bid Global Infrastructure Holdings Ltd. (GIHL) is offering to operate and eventually purchase the mothballed National Steel Corp. (NSC).


This was the assurance given by Eric D. Tierie, LNM’s general manager for marketing, following a courtesy call to Board of Investments (BOI) managing head Gregory Domingo last week.


According to Tierie, LNM is willing to wait for the end of the 90-day "exclusivity" negotiation period of GIHL with the NSC creditor-bank group.


                    [DatePublished] => 2003-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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TIERIE

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                    [ArticleID] => 235981
                    [Title] => LNM Group continues to pursue bid for Nat’l Steel
                    [Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).


LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.


LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront. 


                    [DatePublished] => 2004-01-22 00:00:00
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                    [ArticleID] => 235148
                    [Title] => LNM pushes  counter-offer for National Steel
                    [Summary] => LNM Holdings is making one last ditch appeal to the Department of Trade and Industry (DTI) to convince the creditor banks of the National Steel Corp. (NSC)...
                    [DatePublished] => 2004-01-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 232152
                    [Title] => LNM hikes upfront cash offer for NSC to P2.5B
                    [Summary] => The informal bidding for the mothballed National Steel Corp. (NSC) continues to heat up as the LNM Group increased yesterday its offer for an upfront cash payment of P2.5 billion to immediately rehabilitate the steel firm and invest P4 billion for repairs, upgrades and working capital in the first year.


Earlier, LNM’s upfront cash offer was P2 billion, besting the other contending group’s P1-billion upfront cash offer.


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                    [ColumnID] => 133272
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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [URL] => 
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                (
                    [ArticleID] => 231677
                    [Title] => Dutch firm offers P2-B upfront to restart NSC
                    [Summary] => The Netherlands-based LNM Group said it is willing to provide an upfront cash infusion "in excess of P2 billion" to rehabilitate and restart the National Steel Corp. (NSC) if it reaches a deal with the creditor banks of the mothballed steel firm.
                    [DatePublished] => 2003-12-15 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 228237
                    [Title] => LNM Holdings willing to match Global’s NSC offer
                    [Summary] => LNM Holdings N.V. is still willing to match whatever bid Global Infrastructure Holdings Ltd. (GIHL) is offering to operate and eventually purchase the mothballed National Steel Corp. (NSC).


This was the assurance given by Eric D. Tierie, LNM’s general manager for marketing, following a courtesy call to Board of Investments (BOI) managing head Gregory Domingo last week.


According to Tierie, LNM is willing to wait for the end of the 90-day "exclusivity" negotiation period of GIHL with the NSC creditor-bank group.


                    [DatePublished] => 2003-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

LNM Group continues to pursue bid for Nat’l Steel

By Marianne V. Go | January 22, 2004 - 12:00am

The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd....

Business

LNM pushes counter-offer for National Steel

By Marianne V. Go | January 15, 2004 - 12:00am

LNM Holdings is making one last ditch appeal to the Department of Trade and Industry (DTI) to convince the creditor banks of the National Steel Corp. (NSC)...

Business

LNM hikes upfront cash offer for NSC to P2.5B

By Marianne V. Go | December 19, 2003 - 12:00am

The informal bidding for the mothballed National Steel Corp. (NSC) continues to heat up as the LNM Group increased yesterday its offer for an upfront cash payment of P2.5 billion to immediately rehabilitate the steel...

Business

Dutch firm offers P2-B upfront to restart NSC

By Marianne V. Go | December 15, 2003 - 12:00am

The Netherlands-based LNM Group said it is willing to provide an upfront cash infusion "in excess of P2 billion" to rehabilitate and restart the National Steel Corp. (NSC) if it reaches a deal with the...

Business

LNM Holdings willing to match Global’s NSC offer

By Marianne V. Go | November 17, 2003 - 12:00am

LNM Holdings N.V. is still willing to match whatever bid Global Infrastructure Holdings Ltd. (GIHL) is offering to operate and eventually purchase the mothballed National Steel Corp. (NSC). This was the assurance...

Business