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Economy

Calata's trouble sparks investor activism in the Philippines

Trading violation spurs minority shareholders to launch takeover bid

A Facebook group for Calata minority shareholders and their supporters has attracted over 900 members. (Photo by Ken Kobayashi)

MANILA In a rare show of shareholder activism and solidarity in the Philippines, minority investors have launched a bid to take over Calata, one of the country's leading agricultural companies, after it was forced by the authorities to delist for violating disclosure rules.

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