SPH shareholders approve acquisition by Cuscaden Peak

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

SINGAPORE: Singapore Press Holdings (SPH) said on Tuesday (Mar 22) its shareholders had approved acquisition by Cuscaden Peak, after it announced it was terminating

Both Cuscaden Peak and Keppel Corp are linked to state investor Temasek, and the deal had sparked a rare bidding war between the two groups, with the former offering S$2.40 per share, or S$3.9 billion, and the latter offering S$2.351 per share or S$3.74 billion for SPH's real estate business.

Cuscaden Peak, a consortium of property tycoon Ong Beng Seng's Hotel Properties and two independently managed portfolio companies of Temasek, clinched the acquisition, SPH said in a statement.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in FR

France Dernières Nouvelles, France Actualités