Pepsi-Cola’s climb to P6.65 from P1.96

By Emeterio Sd. Perez

This was how LTG implemented the transaction: Tan-owned Tangent Holdings Inc. sold LTG shares in two tranches: 1.60 billion shares, through investment banks such as UBS AG HK branch, Credit Suisse-Singapore, Deutsche Bank AG-HK and J.P Morgan Securities Plc. Then, it sold 250 million shares at the same price to UBS AG as “over-allotment option.”