MANILA, Philippines - Manuel V. Pangilinan, chairman of Philippine Long Distance Telephone Co. (PLDT), will pay in cash when his group buys GMA Network Inc.
"All cash...Well, we are talking to 3 major shareholders but should we exceed, as we are likely to exceed the 35 percent trigger point, then it will require us an offer on the same terms to the minority. So the answer is yes. We have to make a cash offer to the minorities as well," Pangilinan said
"All cash...Well, we are talking to 3 major shareholders but should we exceed, as we are likely to exceed the 35 percent trigger point, then it will require us an offer on the same terms to the minority. So the answer is yes. We have to make a cash offer to the minorities as well," Pangilinan said









