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FrieslandCampina successfully closes tender offer for shares of Alaska Milk Corporation
Amersfoort, The Netherlands
Today Royal FrieslandCampina N.V. successfully closed its tender offer for the shares of Alaska Milk Corporation (‘AMC’) in the Philippines. This has increased its ownership to 97.7% of AMC’s total outstanding capital stock.
Almost 93% of the AMC shares publicly traded on the Philippines Stock Exchange were acquired, at a price of PHP 24.00 per share. These shares, together with the 60.5% interest acquired in March this year from the Uytengsu family, the founders of AMC, and the 8.0% stake already held, mean that FrieslandCampina now owns 97,7% of the company’s total outstanding capital stock.
After complying with all formalities and regulations, AMC is likely to be delisted from the Philippines Stock Exchange in the near future.