Buyout offer for Keppel T&T 'fair and reasonable': IFA

Singapore

THE independent financial adviser to Keppel Telecommunications & Transportation (T&T) has found the buyout offer by parent company Keppel Corp to be "fair and reasonable".

Rothschild & Co has recommended that Keppel T&T shareholders vote in favour of the proposed scheme at a scheme meeting that will take place at 3pm on April 2, 2019, or sell their shares in the open market if they can obtain a higher price than what is being offered. Keppel T&T's independent directors have accepted Rothschild's recommendation.