Tanduay share sale

Philippine rum maker Tanduay eyes $890 million share sale

Shareholders approve a follow-on offering that could involve the sale of up to 3 billion common shares of the liquor and distillery holding company.
<div style="text-align: left;"> Boracay Rum, one of Tanduay's leading brands </div>
<div style="text-align: left;"> Boracay Rum, one of Tanduay's leading brands </div>
September 25, 2012

Shareholders of Philippine distiller Tanduay Holdings have approved a plan for the company to sell up to 3 billion shares, which could help it to raise more than $800 million.

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