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Philippine Star
Philippine Star
Merkado Barkada November 29, 2021 | 8:17am The stock was suspended on Friday after __Universal Robina [URC 132.20 susp]__ announced that it had signed an agreement to [acquire 100% of Munchy Food Industries](https://edge.pse.com.ph/openDiscViewer.do?edge_no=5a9382d6a50e6ddc5d542af6f1e997b9) [Munchy’s] from a private equity firm called CVC Capital Partners for P22.9 billion on a “cash-free, debt-free” basis. Munchy’s is Malaysia’s top biscuit manufacturer with “a wide variety of offerings across all key biscuit segments”. In its press release, URC said that it would look to use the Mu…