Grocery chain MerryMart Consumer Corp. is preparing to exit the Philippine Stock Exchange as part of a strategic corporate consolidation involving its parent firms and major stakeholders.
According to a regulatory filing, the voluntary delisting aims to maximize operational synergy by uniting the resources of the DoubleDragon Group and the Jollibee Group, both of whom act as primary anchors in the post-merger entity.
The company explained that this restructuring is designed to centralize management priorities as the unified groups target broader domestic and international growth.
“The main rationale of this transaction is to consolidate the focus of the DoubleDragon and MerryMart management team,” the company said.
The path for this integration was cleared back in March after the Philippine Competition Commission officially approved DoubleDragon Corporation’s acquisition of MerryMart.
As part of the upcoming tender offer, minority stockholders will be compensated through a payout structure consisting of 50% cash and 50% DoubleDragon shares, giving them a chance to retain a stake in the larger, consolidated enterprise.
MerryMart expressed high optimism for the transition, projecting a highly beneficial future due to the boosted growth capabilities of the combined networks.
The company described the merger as having “multiplier positive outcome,” citing stronger growth potential as the combined companies expand both locally and internationally.
This international push aligns with the aggressive global footprints of its key stakeholders. DoubleDragon’s hospitality branch, Hotel101, aims to scale up to 100 countries by 2035, while Jollibee Foods Corporation continues to manage and scale a massive global network across North America and beyond.
Additionally, the disclosure pointed out a notable valuation gap: the implied price of ₱9.30 per share given to MerryMart investors via DoubleDragon stock sits roughly 52% below DoubleDragon’s most recent book value of ₱19.21 per share.