VTHE title of this piece says it all. Listed companies can frequently, if now not continually, take the public with no consideration. They will learn the trick from Globe Telecom Inc. And PLDT Inc., which now control the telecommunications industry with the assist of foreigners.
As for the public, it is time for them to unite to protect their hobby as stockholders. Look at how they’re being dealt with through Globe Telecom and PLDT, the buyers of the telecom property of Liberty Telecoms Investments Inc.
The two industry giants have blended forces that they’ve emerge as too robust for the general public to combat.
The public may be capable of keep on but for a way lengthy? What’s in save for them should they pick out not sell (until nowadays) their Liberty Telecom stocks due to the fact they find the offer charge of P2.20 in step with share too low to accept? Will they be deprived of their rights as stockholders to take part in annual stockholders’ conferences and the election of the contributors of the board?
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