Commission Decision No. 31-M-025/2019: In the Matter of In the Matter of the Proposed Acquisition by Proverbs 16, Inc. of Shares in BVI (PhilCo), ACE BVl (B), and ACE BVl (D)   ABSTRACT: The proposed transaction involves GNPower Kauswagan Ltd. Co. (GNPK), which is a company established to own and operate a 4x138MW (net) coal-fired… continue reading ››

Commission Decision No. 30-M-024/2019: In the Matter of the Proposed Joint Venture between Pasay Harbor City Corporation and the City Government of Pasay   ABSTRACT: The City Government of Pasay, a highly urbanized city in Metro Manila, entered into a contractual Joint Venture Agreement (JVA) with Pasay Harbor City Corporation (Pasay Harbor City), a Special… continue reading ››

Commission Decision No. 29-M-021/2019: In the Matter of the Proposed Acquisition by Natura Holdings, S.A. of Shares in Avon Products, Inc.   ABSTRACT: The Proposed Transaction involves the acquisition of Avon Products, Inc., a New York corporation (Avon), by Natura Cosméticos S.A. (Natura). A new holding company for the group, Natura Holding S.A (Natura &… continue reading ››

Commission Decision No. 28-M-VN-001/2019: In the Matter of the Proposed Conversion of Non-Voting Preferred Shares by Mitsubishi Corporation in Chiyoda Corporation   ABSTRACT: The proposed transaction involves the acquisition of control by Mitsubishi Corporation (Mitsubishi) over Chiyoda Corporation (Chiyoda) through the conversion of MC’s 175,000,000 A-class non-voting preferred shares to voting common shares in Chiyoda…. continue reading ››

Commission Decision No. 26-M-020/2019: In the Matter of Wingtech Technology, Co. Ltd. and Nexperia Holding B.V.’s Alleged Violation of the Compulsory Notification Requirements Under Section 2.1 of the PCC Rules on Merger Procedure   [PCC Case No. M-2019-006]    

Commission Decision No.25-M-022/2019 In the Matter of the Proposed Acquisition by Infineon Technologies AG of Shares in Cypress Semiconductor Corporation ABSTRACT: The proposed transaction involves a proposed merger between IFX Merger Sub Inc. (“IFX”), an indirectly wholly-owned subsidiary of Infineon Technologies AG (“Infineon”), and Cypress Semiconductor Corporation (“Cypress”), with Cypress as the surviving entity (the “Proposed Transaction”). Under… continue reading ››

Commission Decision No. 24-M-019/2019: In the Matter of the Proposed Acquisition by Metro Pacific Hospital Holdings, Inc. of Shares in Medical Doctors, Inc.   ABSTRACT: The transaction involves the proposed acquisition by Metro Pacific Hospital Holdings, Inc. (MPHHI) of shares in Medical Doctors, Inc. (MDI), which in turn owns and operates Makati Medical Center. Pursuant to… continue reading ››

Commission Decision No. 20-M-005/2019: In the Matter of the Proposed Acquisition by GlaxoSmithKline Consumer Healthcare Holdings Ltd. of Pfizer Inc.’s Consumer Healthcare Business ABSTRACT The transaction involves the proposed acquisition by GlaxoSmithKline Consumer Health Holdings Ltd. (“GSK CH”) of Pfizer Inc.’s (“Pfizer”) Consumer Healthcare business (“Pfizer CH”). GSK CH, the acquiring entity, is an indirect… continue reading ››

Commission Decision No. 22-M-017/2019: In the Matter of the Proposed Redemption by Property Company of Friends, Inc. of Shares from GT Capital Holdings, Inc.   ABSTRACT: The transaction involves the redemption of GT Capital Holdings, Inc. (GT Capital) of Series A Preferred Shares equivalent to 51% stake in Property Company of Friends, Inc. (Pro-Friends) in… continue reading ››