Offer to privatise SPH's non-media assets reasonable, say analysts
But there is some uncertainty as to whether SPH shareholders will be able to realise the full value of their shares
Add BT as a preferred sourceClaudia Tan HS
Singapore
KEPPEL Corporation's S$2.2 billion bid to privatise Singapore Press Holdings' (SPH) non-media business is reasonable, analysts said, although there is some uncertainty as to whether SPH shareholders will be able to realise the full value of their shares given that the consideration is not fully in cash.
The deal, which values SPH at S$3.4 billion, will take place through a scheme of arrangement, subject to SPH shareholders first approving its media restructuring plan.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Anytime Fitness Asia’s owner said to weigh US$400 million sale
