ATI delisting eyed by April

Port operator Asian Terminals Inc. (ATI) is exiting the local bourse by early April. Shareholders approved its voluntary delisting and a tender offer that could value the port operator at up to P72 billion.

Subject to regulatory approval, the delisting from the Philippine Stock Exchange is targeted by April 3, or 60 days upon the filing of its petition. If it proceeds as planned, ATI would be the first company to exit the local bourse in 2026.

ATI’s tender offer runs until March 3, priced at P36 per share, or a 49-percent premium over the one-year weighted-average price.