{"id":138322,"date":"2017-12-12T00:55:05","date_gmt":"2017-12-12T05:55:05","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=138322"},"modified":"2017-12-12T00:55:05","modified_gmt":"2017-12-12T05:55:05","slug":"mergers-acquisition-deals-reach-p2-t-mark","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/12\/mergers-acquisition-deals-reach-p2-t-mark\/","title":{"rendered":"Mergers, acquisition deals reach P2-T mark"},"content":{"rendered":"
\"FILE:<\/a>
FILE: Seal of the Philippine Competition Commission (PCC) (Photo: Philippine Competition Commission – Philippine Competition Commission, Public Domain)<\/figcaption><\/figure>\n

MANILA \u2014The Philippine Competition Commission (PCC) received notices of mergers and acquisitions (M&A) amounting to PHP2 trillion as of December 8.<\/p>\n

During a media seminar of PCC Monday, the Commission’s Merger and Acquisition Office head Lianne Ivy Medina said the notices came from 124 transactions.<\/p>\n

Medina said the Rules on Merger Procedure took effect last Friday after the PCC published the document last November 23.<\/p>\n

Under the implementing rules and regulations (IRR) of the Philippine Competition Act, M&A transactions exceeding the PHP1-billion threshold shall be notified to the PCC.<\/p>\n

The Rules on Merger Procedure showed that the notification period is within 30 days from signing of definitive agreements but prior to any acts of consummation.<\/p>\n

Parties which failed to notify the PCC within the prescribed period but prior to consummation will be slapped with fine equivalent to half of 1 percent of 1 percent of the value of transaction, but not exceeding PHP2 million.<\/p>\n

On the other hand, entities which failed to notify the PCC and consummated the deal in whole or in part will be considered void and will be subjected to fine of 1 to 5 percent of the value of transaction.<\/p>\n

According to the Commission, about less than one percent of firms or at most 1,500 companies based on their assets, are subject to the PHP1-billion threshold for M&A notification. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014The Philippine Competition Commission (PCC) received notices of mergers and acquisitions (M&A) amounting to PHP2 trillion as of December …<\/p>\n","protected":false},"author":33,"featured_media":121639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[38407,38406],"class_list":["post-138322","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-mergers-and-acquisitions-ma","tag-philippine-competition-commission-pcc","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/138322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=138322"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/138322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/121639"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=138322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=138322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=138322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}