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                    [ArticleID] => 196976
                    [Title] => Exemption from tender offer rule sought by Balabac buyer
                    [Summary] => Balabac Resources & Holdings Co. Inc. has asked the Securities and Exchange Commission to exempt the acquisition by Saturn Holdings Inc. of 94 percent of the dormant listed firm from the mandatory tender offer requirement.


Any acquisition involving 35 percent  or more of a listed company would trigger a mandatory tender offer.  This means that the purchasor shall offer to buy the remaining shares held by minority shareholders at the same terms given to the majority owners.


                    [DatePublished] => 2003-02-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 196976
                    [Title] => Exemption from tender offer rule sought by Balabac buyer
                    [Summary] => Balabac Resources & Holdings Co. Inc. has asked the Securities and Exchange Commission to exempt the acquisition by Saturn Holdings Inc. of 94 percent of the dormant listed firm from the mandatory tender offer requirement.


Any acquisition involving 35 percent  or more of a listed company would trigger a mandatory tender offer.  This means that the purchasor shall offer to buy the remaining shares held by minority shareholders at the same terms given to the majority owners.


                    [DatePublished] => 2003-02-27 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Exemption from tender offer rule sought by Balabac buyer

By Zinnia B. Dela Peña | February 27, 2003 - 12:00am

Balabac Resources & Holdings Co. Inc. has asked the Securities and Exchange Commission to exempt the acquisition by Saturn Holdings Inc. of 94 percent of the dormant listed firm from the mandatory tender offer...

Business