mergers and acquisitions

Overall mergers and acquisitions reached $127b (US$13.8b) year-on-year.

The merger was effective on 21 July 2022.

Frencken posted a net cash position of $72.8m as of March 2022.

The value of the seven IPOs in Singapore so far is 90% lower than last year's.

The deal is a first in a series of planned acquisitions.

UOB Kay Hian said Cuscaden might make a mandatory offer of $0.964 per share.

The group will acquire Rothery's Coaches in Queensland.

The deal value skyrocketed from $2.86b in 2020.

The sale had a total cost of $2.2b.

The increase represented increased considerations of 2.1% in cash and 5.8% in shares.

The bank said the merger is crucial in the REIT sector.

ARA LOGOS is currently on the 13th spot.

The merger will create a flagship pan-Asia logistics and high-tech S-REIT.

Keppel is set to fully acquire SPH’s non-media businesses by end-December if shareholders approve.

Keppel Corp has proposed the acquisition of SPH, minus its media assets, for $2.2b.

The proposed transaction is expected to be completed by December 2021.