PHILIPPINES PRESS-Manila bourse nears bond exchange takeover deal - BusinessWorld

Thu Aug 14, 2014 8:56pm EDT

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The board of the Philippine Stock Exchange has approved a 2.25 billion peso ($51.6 million) takeover bid for Philippine Dealing Systems Holdings Corp, a deal that will merge the local equities and fixed income markets, the BusinessWorld newspaper reported.



NOTE: Reuters has not verified this story and does not vouch for its accuracy. (1 US dollar = 43.6300 Philippine peso) (Compiled by Manila Newsroom; Editing by Subhranshu Sahu)