Ayala Corp. (PSE:AC) plans to launch a voluntary tender offer for 30.07 million common shares, representing about 4.85% of its issued and outstanding common shares, at 650 pesos per share, according to a Thursday filing to the Singapore bourse.
The offer is scheduled to start on Nov. 4, following its earlier disclosure in September regarding Mitsubishi Corp.'s additional investment in the company.
The property developer said it will file a tender offer report with the Philippine Securities and Exchange Commission and the Philippine Stock Exchange.
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