Keppel cash component for SPH up 12% to $0.868 per share

This represents a total revised scheme consideration of $2.35.

Keppel revealed that the cash component for Singapore Press Holdings (SPH) increased by 12%, from $0.668 to $0.878 per share.

A total revised scheme consideration of $2.351 was represented by this increase. This new offer also carries a premium of 12% over Cuscaden Peak Pte.Ltd ‘s offer of $2.1 per share in cash. Compared to the last undisturbed SPH share price of $1.5, a premium of 56.7% was seen, as well as a premium of 7.9% over SPH’s FY2021 pro forma net asset value per share of $2.18.

Overall, this implies a total equity value for SPH of $3.8b.

Originally, a scheme consideration of $2.1 per share was reported.

SPH is also slated to hold a scheme meeting for shareholders to decide on Keppel’s Scheme by 8 December 2021. In addition, Keppel has also agreed to waive its “No Material Adverse Effect” condition, which makes the scheme remain conditional on approval by shareholders of SPH and Keppel.

This comes after Cuscaden Peak Pte. Ltd.’s $2.10 per share in cash.

Follow the link s for more news on

Keppel Corporation

SPH

share cash offer

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

'Christian Horner: Unfiltered' Comes to Singapore During F1 Week

The former Oracle Red Bull Racing Team Principal headlines a one-night-only live conversation on leadership, team culture and life at the pinnacle of Formula 1

Leisure & Entertainment

6 hours ago

SC Capital acquires townhouse compound in Chung Hom Kok, Hong Kong