CIRTEK Holdings Philippines Corp., a listed electronics and wireless broadband manufacturing firm, is acquiring 100 percent of US-based Quintel Cayman Ltd. for $77 million or P3.85 billion.
Cirtek said over the weekend it will sign today (Monday) a definitive agreement with Trillium International Funds, as shareholder and representative of Quintel, for the acquisition of the latter, subject to customary closing conditions.
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