Buyout bid for PDS expected 'this week'

Aug 05, 2024 12:16 am

THE Bankers Association of the Philippines (BAP) ) is anticipating a formal offer from the Philippine Stock Exchange (PSE) this week to buy out the remaining Philippine Dealing System Corp. (PDS) shares that the bourse does not yet own.

'I think we're expecting a formal offer from [the] PSE... the board will take it up and study [it]. We don't know how much or anything [else],' BAP President Jose Teodoro Limcaoco told reporters late on Friday.

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