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  1. 1D4LV's Avatar
    1D4LV
    1D4LV is offline Одна из черт возьми
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    February 17th, 2009 05:14 PM #121
    Quote Originally Posted by jeDi13 View Post
    how about the insurance business of PhilAm? hindi pa ba binebenta yun?
    afaik, nabenta na ata ito. ang nakabili ata is yung filinvest group.
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  2. uls's Avatar
    uls
    uls is online now Tsikot Member Rank 4
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    February 17th, 2009 05:17 PM #122
    Philam bank ang binili ng Filinvest group (East West)

    not the insurance biz
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  3. tidus1203's Avatar
    tidus1203
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    February 17th, 2009 05:23 PM #123
    Metrobank just pulled out of the bidding race, natira na lang is BDO and BPI...
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    February 17th, 2009 08:06 PM #124
    Quote Originally Posted by tidus1203 View Post
    Metrobank just pulled out of the bidding race, natira na lang is BDO and BPI...
    it is interesting to see who wins..
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  5. jeDi13's Avatar
    jeDi13
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    February 18th, 2009 10:21 AM #125
    Winston F. Garcia, GSIS president and general manager, told reporters Wednesday that Philamlife is requiring bidders to make an offer even before they conduct a due diligence.
    Does this also apply to the insurance business of PhilAm? Edi nag-bid muna yung BDO & BPI before browsing PhilAm's books?
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  6. tidus1203's Avatar
    tidus1203
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    February 18th, 2009 10:43 AM #126
    Bull! How can you bid properly without due diligence?
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  7. jeDi13's Avatar
    jeDi13
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    February 18th, 2009 11:02 AM #127
    That's why GSIS backed-out, and probably even others who were interested. When they came across this PhilAm's policy of making an offer first before conducting due diligence, they thought it's just stupid..

    Naku, paano na BDO and BPI? May pera pa naman ako sa dalawang yun
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  8. tidus1203's Avatar
    tidus1203
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    February 18th, 2009 11:07 AM #128
    Relax lang! Even if these guys overpaid for Philam I doubt it will be detrimental to the banks operation. And mind you I don't think these guys are stupid enough to just buy Philam for a price they couldn't afford.
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    Altis6453
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    February 18th, 2009 11:11 AM #129
    As a client, I hope the Ayala Group wins this one.
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  10. tidus1203's Avatar
    tidus1203
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    February 18th, 2009 11:18 AM #130
    Yun pala may baho din pala na tinatago ang Philam Ala Merrill Lynch and Bank of America scenarion *joke*
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