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Cuscaden Peak
M&A
SPH shareholders vote overwhelmingly in favour of Cuscaden offer
Some 89.19% of shareholders holding 96.55% of the number of shares in SPH voted in favour of the scheme resolution.
March 22, 2022
Company in the news
SPH given go ahead to hold scheme meeting to vote on Cuscaden's offer
SPH had earlier rebuffed Keppel's offer
February 14, 2022
Broker's Calls
Keppel's share price could see 'knee-jerk reaction'; termination of Keppel Scheme unsurprising: CGS-CIMB
We have already expected [Keppel’s] deal to take SPH private to be off since the intervention by Cuscaden in Nov 2021: CGS-CIMB.
February 10, 2022
Company in the news
Keppel set to commence arbitration proceedings against SPH
The Feb 9 notice of arbitration is the latest development in the takeover for SPH by Keppel and Cuscaden peak
February 09, 2022
M&A
An all cash offer for SPH during rising interest rates gives certainty to its shareholders, Cuscaden says
Cuscaden makes case for its superior offer for SPH in replies to SIAS questions including its all cash offer
December 12, 2021
M&A
Cuscaden Peak, Keppel's rival bidder for SPH, has cleared all regulatory hurdles
Cuscaden Peak had earlier gotten go-ahead from MAS and IMDA.
December 02, 2021
REITs
SPH shareholders have to decide between cash and REITs
The tussle for SPH rose a few notches with Cuscaden's all cash offer more attractive than Keppel's mainly REIT offer
November 24, 2021
Offer
Cuscaden ups offer for SPH to $2.40 per share, enters into implementation agreement with SPH
The new offer values SPH at $3.9 billion, and is superior to Keppel’s revised scheme consideration of $2.351 per share.
November 15, 2021
Broker's Calls
SPH shareholders should accept Keppel's offer as respective REITs see rally: UOB Kay Hian
UOB Kay Hian Research analysts recommend shareholders to accept “the highest offer” on the table: the original bid by Keppel.
November 02, 2021
M&A
With a surprise all-cash potential bid, what does Temasek-linked consortium see in SPH?
"Temasek is at the center of these two transactions, something must have changed for this to have come about."
October 29, 2021