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The Lucio Tan Group has offered to buy out the minority shareholders of national flag carrier Philippine Airlines Inc. (PAL) at a steep discount as it formally launched a voluntary tender offer.

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Taipan Lucio Tan committed yesterday to keep the parent firm of Philippine Airlines Inc. (PAL) listed at the Philippine Stock Exchange (PSE) amid the ongoing voluntary tender offer to buy out the minority shareholders of the national flag carrier.

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BUONA SORTE HOLDINGS INC

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abtest

Tan to buy out PAL minority owners

By Lawrence Agcaoili | October 23, 2014 - 12:00am

The Lucio Tan Group has offered to buy out the minority shareholders of national flag carrier Philippine Airlines Inc. (PAL)...

Business

PAL Holdings to remain listed – Tan

By Lawrence Agcaoili | October 21, 2014 - 12:00am

Taipan Lucio Tan committed yesterday to keep the parent firm of Philippine Airlines Inc. (PAL) listed at the Philippine Stock Exchange (PSE) amid the ongoing voluntary tender offer to buy out the minority shareholders...

Business