Business - Stock Commentary | Philstar.com

DMCI Holdings [DMC 10.86 ?0.7%; 52% avgVol] [link] and Semirara Mining and Power [SCC 32.50 ?0.8%; 22% avgVol] acquired Cemex Asian South East Corp (CASEC), the parent company of Cemex Philippines [CHP 1.36 ?28.4%; 267% avgVol], in a deal worth $305.6 million (~P17.6 billion).

The week starts with the opening of the OceanaGold PH [OGP 13.33 pre-IPO] offer period, which will run through May 6.

BDO revealed that its board of directors approved the declaration of a property dividend of BDO Treasury shares that will result from the “eventual merger of BDO and SM Keppel Land Inc.”

Union Bank disclosed that it plans to conduct a stock rights offering to sell 450,204,078 UBP common shares to existing UBP shareholders at a price somewhere between P33.73 and P38.23 per share.

The only scheduled thing on our calendar is the end of the PLC tender offer, which is on Wednesday. Other than that, it’s a lot of ASMs and briefings, so we’ll probably get some fun bits of forward-looking speculation.