EPISODE #286: 2GO Stocks Tender Offer, Temporary and Voluntary Delisting from the PSE - Peso Smart PH

2GO Group, Inc. (2GO), a subsidiary of the SM Investments Corporation, provides shipping, logistics and distribution services to consumers, small and medium enterprises, large corporations, and government agencies throughout the Philippines.

The tender offer price set by SM Investments Corporation (SMIC) is at ₱14.64 per share. That will amount to an estimated ₱5.54B in total. The tender offer period will be from March 15 to April 28, 2023. Then the payment and settlement from May 2 to 10, 2023.

Also, the Board of Directors of 2GO Group, Inc. (2GO), at its special meeting held today, 28 February 2023, approved the voluntary delisting of 2GO shares from the Main Board of the Philippine Stock Exchange, Inc. (PSE), subject to the successful completion of the intended tender offer by SM Investments Corporation, compliance with other requirements of the PSE for voluntary delisting, and applicable regulations of the Securities and Exchange Commission.

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