PSE:MM

MerryMart Consumer to Delist Ahead of Merger with DoubleDragon

MerryMart Consumer (PSE:MM) approved a delisting plan, subject to shareholder approval at a meeting scheduled for July 7.The move follows a tender offer involving a 50:50 mix of cash and DoubleDragon (PSE:DD) shares, as part of a consolidation plan under the DoubleDragon and MerryMart groups.Under the proposal, MerryMart will become a direct unit of DoubleDragon, according to a Tuesday Philippines Exchange filing.DoubleDragon also cited its long-term expansion plans, including revenue growth targets and broader domestic and international footprint goals toward 2035.