{"id":330522,"date":"2024-11-21T10:55:11","date_gmt":"2024-11-21T02:55:11","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330522"},"modified":"2024-11-21T10:55:32","modified_gmt":"2024-11-21T02:55:32","slug":"trade-the-news-bdo-podium-merger-gets-sec-approval","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-bdo-podium-merger-gets-sec-approval\/","title":{"rendered":"Trade the News: BDO-Podium merger gets SEC approval"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>BDO Unibank, Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>BDO<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 180.18<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

THE SECURITIES and Exchange Commission (SEC) has approved the merger of BDO Unibank, Inc. (BDO) and its wholly owned unit, The Podium Complex, Inc., with BDO as the surviving entity, the Philippine lender said in a disclosure to the Philippine Stock Exchange.<\/p>\n\n\n\n

The merger with Podium, formerly SM Keppel Land, Inc., was valued at P7.08 billion and would take effect on Dec. 1, it said.<\/p>\n\n\n\n

This comes after BDO\u2019s complete takeover of Keppel Philippines Properties, Inc. and Opon-KE Properties, Inc.\u2019s combined 50% stake in SM Keppel in December last year.<\/p>\n\n\n\n

With the completed acquisition, BDO will now fully own the Podium Complex, which consists of BDO\u2019s Corporate Center Ortigas, the West Tower and Podium Mall.<\/p>\n\n\n\n

The merger was approved by BDO\u2019s board on Jan. 27 and by its shareholders on April 19. In October, the bank said the Bangko Sentral ng Pilipinas (BSP) and Philippine Competition Commission had also separately approved the union.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330522","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330522"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330522\/revisions"}],"predecessor-version":[{"id":330525,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330522\/revisions\/330525"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}