Philippines News Archives

Tuesday, October 24, 2000

AC ( 10/24/2000 : PSE )
This has reference to a news article entitled "Ayala talking to 5 buyers of Pure Foods" published in the October 21, 2000 issue of the Manila Bulletin. The article reported that Ayala Corporation ("AC") is currently in discussions with four or five potential buyers of Pure Foods Corporation ("PF"). About four to five companies have offered to either buy into or fully acquire the conglomerate's food unit. AC, in its letter to the Exchange, clarified that: "We confirm that Ayala Corporation has received inquiries regarding the operations of Pure Foods Corporation from several companies and have had preliminary discussions with some of them. We will be advising the PSE if there are any material results from our discussions with these companies."
- posted by StockMarket @ 9:41 PM

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