Invescap Incorporated cancelled the acquisition of 15% stake in Mariwasa Siam Holdings, Inc..
April 24, 2013 at 12:00 am EDT
Share
Invescap Incorporated made a tender offer to acquire 15% stake in Mariwasa Siam Holdings, Inc. (PSE:MMI) for PHP 51.6 million on March 21, 2013. Invescap made an offer to acquire 168.8 million shares at an offer per share of PHP 0.31. Tender offer period shall commence on March 25, 2013 and end on April 24, 2013. The transaction is subject to maximum tender. As of April 22, 2013, Deutsche Regis confirms that Invescap Incorporated has sufficient fund to finance the transaction. Daniel Orajay, Phillippe Hipolito and Marjette Panelo of Deutsche Regis Partners Inc acted as broker in the transaction. Adro A. Yanga of BDO Unibank, Inc. acted as transfer agent for Mariwasa Siam Holdings, Inc.
Invescap Incorporated cancelled the acquisition of 15% stake in Mariwasa Siam Holdings, Inc. (PSE:MMI) on April 24, 2013. No shares were tendered during the offer period.
The Keepers Holdings, Inc. is a Philippines-based company, which is engaged in liquor distribution. The Company's offers products include brandy, wines, specialty beverages and other spirits. The Company's subsidiaries include Montosco, Inc., which is engaged in liquor importing and distributing; Meritus Prime Distribution, Inc., which is in the business of buying, selling, exporting, manufacturing, bottling, and distribution, and Premier Wines and Spirits, Inc. buys, sells, distributes and markets at wholesale all kinds of goods, commodities and merchandise with an impressive balance of spirits, wines, and specialty beverages. Its brands include Alfonso, Johnnie Walker, Chivas Regal, Glenfiddich, Jose Cuervo, Jim Beam, Martell, Absolut, Red Bull, Jinro, and Island Mixers.