InfoAnda - Food giant San Miguel to buy oil refinery stake

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Food giant San Miguel to buy oil refinery stake AP - Tuesday, April 27 Send IM Story Print MANILA, Philippines – San Miguel Corp., the Philippines' biggest food and beverage conglomerate, said Monday it will buy a stake in the country's largest oil refinery Petron Corp. In a disclosure to the Philippine Stock Exchange, San Miguel it would exercise an option to acquire 40 percent of the outstanding common shares of Sea Refinery Corp., which holds a 50.1 percent stake in Petron, before or on Friday. San Miguel said it will also start a tender offer for Petron shares held by the public at 6.85 pesos per share, the price it is paying for the Sea Refinery shares, at a date to be announced later. Recommend Send IM Story Print Related Articles As they fold, Indonesia garment makers blame China AP - 6 minutes ago Europe trade deal could hit Indian generic drugs AP - 22 minutes ago US-BUSINESS Summary Reuters - 28 minutes ago Derivatives differences trigger alarm bells Reuters - 28 minutes ago Financial reform nears test in Senate Reuters - 31 minutes ago News Search Top Stories Wall Street overhaul faces key US Senate test Greece pledges fresh cuts after EU-IMF talks Genes influence smoking addiction: study Airbus workers 'to disrupt production in France' Indian cricket league chief suspended hours after finals More Top Stories » Most Popular Most Viewed Most Recommended Aliens may exist but contact would hurt: Hawking Ex-Bin Laden bodyguard writes against Qaeda BP struggles to cap leak as US oil slick spreads French driving veil row escalates Greece warns speculators as it races for bailout More Most Viewed » Aliens may exist but contact would hurt: Hawking Apple engineer loses iPhone prototype Two-million-year-old hominid sheds light on evolution Taiwan's male 'Susan Boyle' a web sensation French driving veil row escalates More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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