Skip to content
  • About Us
  • Contact Us
  • RSS
Facebook Twitter Instagram
  • Home
  • Business
  • Social
  • Video
  • Money
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Power
  • Property
  • Travel
  • Technology
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
Search
Popular Tags Today:
BDO Life |
Forbes Park |
Luis Manzano, Flex Fuel |
Fernando Zobel, Pilipinas Shell |
April Lee Tan, COL Financial
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS

Bilyonaryo - Business

Everybody happy! Eagle Cement soars 20% as RSA rewards minority shareholders with lofty buyout from San Miguel

  • October 5, 2022
  • Bilyonaryo.com

The cement company of Ramon S. Ang flew like an eagle a day after San Miguel Corp. announced a buyout offer with the ultra bilyonaryo.

Eagle Cement was the day’s biggest gainer as it zoomed 20.5 percent to an all-time high of P18.56 on P138.77 million in total trades

SMC disclosed hours after the close of trading on October 4 that it has offered to buy 88.5 percent of EAGLE from Ang, his children and Far East Holdings Inc.

SMC offered to buy EAGLE’s shares at P22.02 per share which is 58 percent more than its closing price on October 4 and a 58 percent premium to 90-day volume-weighted average price. The offer price is estimated at 18.2 times its first earnings in 2022 which is slightly lower than the 19.1 P/E of other cement companies in the region.

Abacus gushed about how Ang took care of the EAGLE shareholders, especially those who invested in its initial public offering (IPO) sold at P15 per share five years ago.

“We’re not calling out any particular company but this is how you do a buyout and/or tender offer. Even though it will benefit RSA personally as as he owns the vast majority of the shares, at least the minority will profit along with him,” Abacus said.

READ:

San Miguel to acquire Eagle Cement from Ramon Ang

  • Related News Tags: Eagle Cement, Ramon S. Ang, RSA, San Miguel Corp., ultra bilyonaryo
PrevPreviousFilipinos fishing on frontline of China’s battle for disputed sea
NextWhat are the odds? Lawmaker seeks probe on 6/55 Lotto win of 433 bettorsNext

You may also like

Bilyonaryo on CNN

Bilyonaryo on CNN

Veteran journalist Ces Drilon, with CNN Philippines President Benjamin V. Ramos, and officials of Prage Management Corp. sign a blocktime contract agreement for the airing of “Usapang Bilyonaryo” - a profile feature show starting January 16. -- CNN Philippines

Saludo sa serbisyo: Ayala group inks MOU to aid Philippine Coast Guard personnel

The Ayala Group is extending assistance to the uniformed personnel and civilian employees of the Philippine Coast Guard (PCG).

Bongbong Marcos gets huge investment pledge from Grab; 500K jobs waiting for Filipinos

President Ferdinand R. Marcos Jr. has secured an investment commitment from ride-hailing company Grab, which could translate into 500,000 jobs.

Casinos are booming again and Pagcor’s Al Tengco expects growth to continue in 2023

The gaming industry’s strong performance in 2022 boosted the revenues of the Philippine Amusement and Gaming Corp. (Pagcor), rising by more than half compared to the previous year.

Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

Bilyonaryo Robina Gokongwei Pe-led Robinsons Retail Holdings saw its net income rise by 26.7 percent to an all-time high of P5.7 billion last year as sales exceeded pre-pandemic levels.

Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

President Bongbong Marcos is reportedly leaning towards using the proposed Maharlika Wealth Fund to buy out the 40 percent stake of State Grid Corp. of China in National Grid Corp. of the Philippines.

Saludo sa serbisyo: Ayala group inks MOU to aid Philippine Coast Guard personnel

Bongbong Marcos gets huge investment pledge from Grab; 500K jobs waiting for Filipinos

Casinos are booming again and Pagcor’s Al Tengco expects growth to continue in 2023

Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

Roxas Holdings expects to bounce back after higher Q1 loss

Iniwan sa ere! Not-so-lucky Flex Fuel investors demand millions back from Luis Manzano

Back in the saddle? Fernando Zobel accepts more responsibility as Pilipinas Shell director months after quitting Ayala group for health reasons

Large-scale agricultural smuggling raps filed vs Victory JM Enterprise, Asterzenmed

Read more Business stories

Recommended from sister websites

→ Abogado
DOJ to seek dismissal of ‘conjured’ cases vs Japanese fugitives to hasten deportation
→ Abogado
Who will replace Rex Gatchalian as Valenzuela congressman? Comelec explains
→ Politiko
Hell hath no fury than a First Lady scorned: Mon Tulfo out of Philippine Star?
→ Politiko
Risa twits Maharlika proponents: Better call MIF a ‘Sovereign Liability Fund’
→ Bankero
BPI, Lazada unveil new partnership
Power

Meralco commissions new facility to serve STMicroelectronics

Manila Electric Co. commissioned its La Mesa 115 kilovolts (kV) Switching Station located at the Light Industrial Science Park 2 (LISP 2) in Calamba City, Laguna after five months of construction.

Money

BPI posts 66% jump in annual profit as loan growth gathers steam

Earnings of Ayala-led Bank of the Philippine Islands (BPI) surged by 66 percent in 2022 to a record P39.6 billion.

Business

Bongbong Marcos gets huge investment pledge from Grab; 500K jobs waiting for Filipinos

President Ferdinand R. Marcos Jr. has secured an investment commitment from ride-hailing company Grab, which could translate into 500,000 jobs.

Property

Manny Villar’s Vista Land issues additional corporate notes

Manny Villar’s property holding firm Vista Land and Lifescapes Inc. (VLL) has issued additional corporate notes amounting to P2.9 billion.

Latest on Bilyonaryo

Usapang Bilyonaryo by Ces Drilon

Usapang Bilyonaryo
Bilyo-cnn-logo

“Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.

 

ub-rlc-mobile
In cooperation with
bilyoabryo-rlc-2

Brought to you in part by

Share this!

Exclusive!

Who’s Who at ART SG

January 12, 2023

Art SG kicked off today with art world legends and collectors showing up with extra vigor after a two-year delay due to the pandemic.

Read More »

Advertisement

Bilyonaryo Premium Ad 1
Bilyonaryo Premium Ad 2
Bilyonaryo Premium Ad 3
Bilyonaryo Premium Ad 4
Bilyonaryo Premium Ad 5

Trending on
Business

GOLD
Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

Casinos are booming again and Pagcor’s Al Tengco expects growth to continue in 2023

Robina Gokongwei’s RRHI continues momentum, delivers record earnings in 2022

PLATINUM
Big Boy Sy sells P341 million SM Prime shares as foreigners load up on property giant

Burning rubber: Ty-blings’ Toyota Philippines set to hit record high sales in 2023

Aboitiz’s Union Bank, Consunji’s DMCI widely expected to join PSE Index

TITANIUM
NBI’s got receipts: Subpoenas to be served to firms over Lyka app owner Bren Chong’s P45-B tax scam

Tony Tan Caktiong dumps P150 million Jollibee shares as fast food giant nears 52-week high

Gaisano family’s MRSGI sanctioned for breach of PSE disclosure rules

Read more Business stories

Trending on
Bilyonaryo

Business News

Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

Social Fancy News

Is this an alternate universe? ABS-CBN and GMA7 in one frame

Money News

Sunod-sunod na sabit! BSP revokes license of fintech flop SquidPay

Technology News

Bridging the digital divide: NTC helps expedite entry of Elon Musk’s Starlink into PH internet market

Power News

Yuchengco Group to supply 47.5 MW to SN Aboitiz’s retail electricity arm

Property News

Santi Elizalde: AHG’s budget hotel operations set to return to pre-COVID figures by end-2023

Lifestyle News

Who are the best new artists? Check TikTok

Food & Nature News

Subway ad slammed for being sexist

Health News

Drugmaker GSK sees profit soar on consumer health spinoff

Travel News

Na-hassle na, parang na-hold-up pa! Aiko Melendez, Dyan Castillejo rant vs PAL

Golf News

Lebioda powers to Pebble Beach first-round lead

Back to Bilyonaryo home page

Trending on
Bilyonaryo

Business News

• Big Boy, Coyiuto to stay as private partners? Marcos mulls use of Maharlika Fund to buy out China’s State Grid from NGCP

• Casinos are booming again and Pagcor’s Al Tengco expects growth to continue in 2023

Social Fancy News

• Is this an alternate universe? ABS-CBN and GMA7 in one frame

• Liza Araneta Marcos spotted at TERNOCON 3

Money News

• Sunod-sunod na sabit! BSP revokes license of fintech flop SquidPay

• Why is Gautam Adani’s Indian empire in turmoil?

Technology News

• Bridging the digital divide: NTC helps expedite entry of Elon Musk’s Starlink into PH internet market

• UK schools fight misogynism peddled by online influencer Tate

Power News

• Yuchengco Group to supply 47.5 MW to SN Aboitiz’s retail electricity arm

• Ayala Group’s ACEN gains full control of Australian renewable company for $173M

Property News

• Santi Elizalde: AHG’s budget hotel operations set to return to pre-COVID figures by end-2023

• Back on track: Roxas Group lines up new projects in Tagaytay-Nasugbu area

Lifestyle News

• Who are the best new artists? Check TikTok

• Sussexes back big talk with Archewell accomplishments

Food & Nature News

• Subway ad slammed for being sexist

• Oh yes! This store will accept onions as payment for a day

Health News

• Drugmaker GSK sees profit soar on consumer health spinoff

• Novo Nordisk net profit jumps on diabetes, obesity treatments

Travel News

• Na-hassle na, parang na-hold-up pa! Aiko Melendez, Dyan Castillejo rant vs PAL

• Hong Kong offers 500,000 free flights after Covid isolation

Golf News

• Lebioda powers to Pebble Beach first-round lead

• Golf rankings becoming ‘obsolete’, says LIV rebel Smith

Back to Bilyonaryo home page

Copyright © 2022. Bilyonaryo. All Rights Reserved.
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS
Menu
  • Home
  • Business
  • Social
  • Video
  • Money
  • Property
  • Technology
  • Travel
  • Health
  • Lifestyle
  • Food & Nature
  • Fine Works
  • Golf
  • RSS