SPH, Keppel said to mull buyout offer for M1

(Sept 26): Singapore Press Holdings (SPH) and an arm of Keppel Corp are considering making a buyout offer for M1, Singapore’s smallest wireless operator, people with knowledge of the matter said.

See: Keppel T&T, SPH mulling potential transaction involving respective M1 stakes

The companies are considering launching a general offer for shares they don’t already own in M1, which has a market value of $1.51 billion, according to the people. They have approached M1’s biggest shareholder, Malaysian carrier Axiata Group, about the potential transaction, the people said, asking not to be identified because the information is private.

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