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
Claudia 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.
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