FIGARO CULINARY GROUP, Inc. (FCG) is seeking to voluntarily delist from the Philippine Stock Exchange (PSE), with Figaro Coffee Systems, Inc. (FCSI) planning to acquire shares held by minority shareholders through a tender offer.
In a regulatory filing on Thursday, FCG said it had received a notice from FCSI regarding the planned tender offer at P0.82 per share and the proposed delisting.
The offer will cover FCG shares held by shareholders other than Monde Nissin Corp., Carmetheus Holdings, Inc., and Camerton, Inc., as well as qualifying shares held by directors.
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