Lucio Tan forks the bid

A MERGER of two banks controlled by tobacco tycoon Lucio Tan looms large after his group completed Friday the purchase of P8.14 billion worth of shares in Philippine National Bank (PNB) and brought his stake in the bank to 77 percent.

here is the link: http://money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=08&dd=27&file=2

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