Del Monte mulls over $600-M share offer

MANILA, Philippines — Del Monte Pacific Ltd. (DMPL) is planning to raise up to $600 million from the issuance of new shares in its Philippine business. This move aims to address a shortage of capital related to its loss-making American unit.

In a regulatory filing on Tuesday, the Campos-led company said it was considering an equity raise through private placement.

https://business.inquirer.net/551328/del-monte-mulls-over-600-m-share-offer

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