THE offer price of P2.20 per share in Vega Telecom Inc.’s tender offer for shares of Liberty Telecoms Holdings Inc. can still change depending on the result of the Securities and Exchange Commission’s (SEC) investigation into the valuation issue, a top SEC official said on Tuesday.

Vega has been conducting a tender offer for 165.883 million Liberty shares at P2.20 each, which is equivalent to the remaining 12.82 percent stake in Liberty held by the public.

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