SPH shareholders to decide about opting for cash in Cuscaden acquisition
They are to submit election forms by Apr 26; cash payments, units crediting to be done by May 12
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Singapore
WITH its offer to acquire Singapore Press Holdings (SPH) approved by shareholders of the mainboard-listed property player, Cuscaden Peak has started despatching to shareholders the forms for them to choose between getting all cash or a combination of cash and SPH Reit units.
In its regulatory filing furnished to the Singapore Exchange on Thursday (Apr 14), Hotel Properties Limited (HPL) announced that the consortium it backed, Cuscaden Peak, requires SPH shareholders to submit the election forms by 5.30 pm on Apr 26 if they want to receive the S$2.36 in cash for each SPH share they hold.
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