1.18.12 PCOR SMC

THE HEADLINE

PETRON Corp. Employees Retirement Plan (PCERP) plans to sell
695.3 million shares at P11 each, putting the deal size at P7.65 billion pesos.

The shares were offered at a discount of 17.3% from the P13.30 closing
price on Tuesday.

Petron, in a filing, said the PCERP’s board of trustees on Tuesday approved
the sale of a certain number of shares in Petron on the Philippine Stock
Exchange, subject to market conditions. Petron did not provide further
details.- Reuters

 

THE EFFECT OF 695.3M SHARES OFFERED

 

 

THE COMPARISON

 

THE QUESTIONS

Why do you think SMC offered to sell back to the government its Limay Refinery in Bataan?

Why do you think did they set the 2PO price only at 11 or at 17.30% Discount?

 

 

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