Private equity firm CVC is in exclusive talks to purchase a majority stake in SPi Global Holdings, a business outsourcing unit of Philippine Long Distance Telephone Co, for about $320 million including debt, a source familiar with the matter told Reuters. PLDT, Manila's second-most valuable listed company, had put an 80 percent stake in SPi Global on the block last year as it looks to shed non-core businesses. The auction attracted interest from global takeover firms including Bain Capital and Carlyle Group as well as CVC, Thomson Reuters publication Basis Point reported on Wednesday.PLDT said in a Philippine Stock Exchange filing last month that it was finalising a deal without identifying the buyer.CVC and Carlyle declined comment, while PLDT and Bain did not offer an immediate comment.
Philippine Long Distance Telephone Company (PLDT) is telecommunications provider in Philippines. Shares of PHI traded higher by 1.4% or $0.9/share to $64.97. In the past year, the shares have traded as low as $52.33 and as high as $69.45. On average, 113364 shares of PHI exchange hands on a given day and today's volume is recorded at 165586.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.41% or $-0.12/share to $29.31. In the past year, the shares have traded as low as $26.20 and as high as $30.66. On average, 736543 shares of TRI exchange hands on a given day and today's volume is recorded at 522966.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.31% or $-0.09/share to $28.96. In the past year, the shares have traded as low as $26.47 and as high as $30.25. On average, 861452 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 381154.
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