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San Miguel food unit prices shares at low end of range

SAN MIGUEL FOOD and Beverage, Inc. (SMFB) has priced its follow-on offering (FOO) at P85 per share, the low end of its indicative price range of P85-P95, which would allow it to raise as much as P39.19 billion in fresh capital before the year ends.

OUTLIER: San Miguel Food and Beverage, Inc.

INVESTORS started to unload some of their shares in San Miguel Food and Beverage, Inc. (SMFB) after its parent company San Miguel Corp. slashed by almost half the size of its unit’s planned follow-on offering.

SMC share transfer deal folds food units into SMFB

SAN Miguel Corp (SMC) said it completed the consolidation of its food businesses under San Miguel Food and Beverage Inc. (SMFB) via a transfer...

San Miguel formalizes consolidation of food and beverage business

San Miguel Corp has formalized its consolidation of its food businesses under San Miguel Food and Beverage Inc. The conglomerate announced the signing of the...

SEC approves San Miguel Pure Food’s name change

San Miguel Pure Foods Company, Inc. (SMPF) said it has secured the Securities and Exchange Commission (SEC)’s approval to amend its name and primary...