Cuscaden Peak Pte. raised its offer for Singapore Press Holdings Ltd., giving the consortium the upper hand in a bidding tussle to acquire the company’s property assets.
The agreement provides SPH shareholders with either a total consideration of S$2.40 per share, comprising a mix of SPH REIT units and cash, or an all cash offer of S$2.36 apiece, according to a statement from both firms. The offer values SPH at S$3.9 billion ($2.9 billion), trumping a bid last week from Keppel Corp.
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November 15, 2021 at 07:13AM
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Cuscaden Peak Raises Offer For Singapore Press Holdings - Bloomberg
"peak" - Google News
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