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Ownership of Meralco Securities Corporation was placed under a newly created shell company called the Meralco Foundation, Inc., controlled by Marcos' brother-in-law Benjamin Romualdez, [9] which made a downpayment of about $1,500 for a "very minimal" total sale price of about $28 million (200 million pesos at the prevailing rate). Installment ...
Philippine Stock Exchange: ... = Closing price of company i at day t = Available shares of ... = Company free float level (0 to 1), where 1 means 100% ...
So on June 8, 1961, Tegen and Villanueva signed a preliminary agreement between GPU and the Lopez Group. Lopez needed a new corporate entity to take over the Meralco assets. Two days after, Meralco Securities Corporation (MSC) was established. It was principally organized to acquire ownership of the Manila Electric Company and manage its business.
Editor’s note: Stock price and estimate numbers were sourced from Yahoo Finance and are accurate as of Jan. 2, 2025. More From GOBankingRates The Best $20 You Can Spend at Trader Joe's This Winter
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From January 2008 to November 2009, if you bought shares in companies when Eugene R. McGrath joined the board, and sold them when he left, you would have a -47.3 percent return on your investment, compared to a -28.8 percent return from the S&P 500.