San Miguel to adjust 2% exchangeables' exchange price to PHP 112.56

By Tali David

Minneapolis, May 8 - San Miguel Corp. will adjust the exchange price on its 2% exchangeables due 2014 to PHP 112.56 per share on May 28, according to a press release.

The change is due to the company's plan to pay a cash dividend of PHP 0.35 per ordinary share to the shareholders listed on its register of members on May 4.

San Miguel is a food and beverage company based in the Philippines.

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