Temasek to decide by end-Aug on pre-condition for Keppel offer
Singapore
THE Temasek Holdings unit that last October made a voluntary pre-conditional partial offer for Keppel Corporation will decide by end-August whether to invoke the material adverse change (MAC) pre-condition based on Keppel's second quarter results.
This was conveyed in an announcement over the weekend by Morgan Stanley Asia (Singapore) on behalf of the offeror, Kyanite Investment Holdings, an indirect wholly-owned subsidiary of Temasek.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla lays off more staff in software, service teams, Electrek reports
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment
US dollar soft on renewed Fed rate cut bets; yen on back foot
Possible class action lawsuit against Cordlife by customers could take at least 2 years