First Gen plunges 19% after Lopez firm rejects KKRβs P35 offer
First Gen Corp. shares plunged as much as 19 percent on Monday after the Lopez group rejected KKRβs P35-per-share proposal, wiping out much of the rally sparked by expectations of a potential buyout.
The stock sank to P24.90 after a one-hour trading suspension, compared with Fridayβs P30.70 close. It rebounded to P28 as investors await next moves from KKR.
Gold is coiling and getting ready for a big move π¨ π¨ Bollinger Bands are now the tightest since August 2025, right before Gold soared 60% over the next 5 months π π₯³