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                    [ArticleID] => 355750
                    [Title] => EBCII accepts SM offer to buy 10.8% stake in EPCIB
                    [Summary] => EBC Investments Inc. (EBCII) said yesterday its board has accepted the Sy family’s offer to acquire its 10.8-percent stake in Equitable PCI Bank, which should raise the shareholdings of the SM Group in the country’s third largest lender to almost 45 percent. 


The move is seen as a prelude to the SM Group’s acquisition of a family’s controlling block to eventually merge EPCIB with the SM family’s own Banco de Oro. 


The SM Group currently holds 34 percent of EPCIBank. 


                    [DatePublished] => 2006-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 355525
                    [Title] => EPCIB board weighs SM’s buyout offer
                    [Summary] => The board of Equitable PCI Bank (EPCIB) said yesterday it would "consider and study" the buyout offer made by SM Investments Inc. (SMIC) for the remaining two-thirds of the bank, valued at nearly P37 billion.


However, the offer will have to wait until mid-September when the board would have discussed the results of a study regarding the real value of a 10.8-percent block in the form of treasury shares held by EPCIB subsidiary EBC Investments Inc. (EBCII).


                    [DatePublished] => 2006-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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TRANS-MIDDLE EAST PHILIPPINES EQUITIES

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                    [ArticleID] => 355750
                    [Title] => EBCII accepts SM offer to buy 10.8% stake in EPCIB
                    [Summary] => EBC Investments Inc. (EBCII) said yesterday its board has accepted the Sy family’s offer to acquire its 10.8-percent stake in Equitable PCI Bank, which should raise the shareholdings of the SM Group in the country’s third largest lender to almost 45 percent. 


The move is seen as a prelude to the SM Group’s acquisition of a family’s controlling block to eventually merge EPCIB with the SM family’s own Banco de Oro. 


The SM Group currently holds 34 percent of EPCIBank. 


                    [DatePublished] => 2006-09-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 355525
                    [Title] => EPCIB board weighs SM’s buyout offer
                    [Summary] => The board of Equitable PCI Bank (EPCIB) said yesterday it would "consider and study" the buyout offer made by SM Investments Inc. (SMIC) for the remaining two-thirds of the bank, valued at nearly P37 billion.


However, the offer will have to wait until mid-September when the board would have discussed the results of a study regarding the real value of a 10.8-percent block in the form of treasury shares held by EPCIB subsidiary EBC Investments Inc. (EBCII).


                    [DatePublished] => 2006-08-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

EBCII accepts SM offer to buy 10.8% stake in EPCIB

By Zinnia B. Dela Peña | September 1, 2006 - 12:00am

EBC Investments Inc. (EBCII) said yesterday its board has accepted the Sy family’s offer to acquire its 10.8-percent stake in Equitable PCI Bank, which should raise the shareholdings of the SM Group in the country’s...

Business

EPCIB board weighs SM’s buyout offer

By Ted P. Torres | August 31, 2006 - 12:00am

The board of Equitable PCI Bank (EPCIB) said yesterday it would "consider and study" the buyout offer made by SM Investments Inc. (SMIC) for the remaining two-thirds of the bank, valued at nearly P37 billion. However,...

Business