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KepCorp fails to hit compulsory acquisition threshold
It bags 95.1% of KepLand as at March 31 despite extending closing date
Add BT as a preferred sourcePublished Tue, Mar 31, 2015 · 09:50 PM
Singapore
THE verdict is out: Keppel Corp has failed to hit the compulsory acquisition threshold required for the higher offer price of S$4.60 per share to kick in for its Keppel Land buyout.
This came as a surprise to the market, which had been confident the 95.5 per cent threshold would be reached, especially with the second offer extension.
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