The Manila Times

FEU buys 80% of Roosevelt College

- College

on Wednesday said it was able to buy out 80 percent of the equity million under a new deal.

In a disclosure to the Philippine

at P3,422.14 per share.

The selling shareholde­rs in trustees Leodegario Cruz and Dante Carlos.

- evelt’s valuation from an earlier purchase price of P1.25 billion.

“Heirs of certain shareholde­rs of record, representi­ng around 18.98 percent of the issued and outstandin­g capital... likewise signed the share purchase agreement... by virtue of which they agree to sell their inherited shares at the same purchase price per share and terms... within one year

Half of the purchase price will be paid upon signing the agreement. An additional P253.39 million will

B4

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