Stock Alert: Accept MPI Tender Offer
Metro Pacific Investment Corporation (MPI) will be pushing through with their plans to delist from the stock market. This means that MPI shares will no longer be traded in Philippine Stock Exchange.
With this, they will undergo a Tender Offer for their shares. This means that the company will be buying back from you (and all other existing shareholders) MPI shares, and they would like to buy these shares for P5.20 per share.
Given their conclusive decision to delist, experts recommend investors to tender (or sell back) their shares at P5.20, in order to safeguard the value of their investment. Because in the event of their delisting, it will be harder for shareholders to sell or liquidate their MPI shares.
Since our recommendation of MPI last July 2018 at around P4.60, some of you have already earned. In fact, tendering your shares at P5.20 will entail a gain for you.
However, as mentioned in a previous stock alert on this, even if you are currently in the red or negative with your investment in MPI, we still recommend you tendering your shares, for the same reason mentioned above. To recover, we recommend that you buy Bo's Strategic Stocks (BOSS) for August - MER and SCC.
If you are a COL Financial client, you can refer to this guide on how to go about tendering your MPI shares:
If you are a client of a different stock brokerage firm, speak to your stock broker right away to know how to participate in the tender offer.
It would be best to act on this the soonest. The Tender Offer is already ongoing, and COL's deadline for the tender offer is September 1, 2023 at 12nn.
Good luck!