At the sidelines of the Bank Marketing Association of the Philippines' 50th-anniversary dinner reception, BAP president Jose Teodoro Limcaoco said they are expecting a formal offer from the PSE this week.
"Then the board will take it up and study. We don't know how much or anything," he told reporters.
Asked if there is a target price the BAP is eyeing to accept, Limcaoco said the BAP and the PSE may now have two separate internal valuations.
"I'm sure they'll be far apart, but I'm sure we can come to an agreement. The price is not an issue or shouldn't be a stumbling block," he said.
This story is from the August 06, 2024 edition of The Philippine Star.
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This story is from the August 06, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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