SIC Intervenes to Allow Singapore Press to Vote on Keppel, Cuscaden Peak Offers on Same Day
SIC Intervenes to Allow Singapore Press to Vote on Keppel, Cuscaden Peak Offers on Same Day新加坡媒体介入，允许新加坡媒体在同一天对吉宝，库斯卡登峰报价进行投票
10:38 PM EST, 12/22/2021 (MT Newswires) -- The Securities Industry Council, or SIC, has tossed aside the clause in Keppel's (SGX:BN4) offer for Singapore Press (SGX:T39) that restricted the latter to hold a scheme meeting for a competing offer within eight weeks from the date of Keppel scheme meeting.
The ruling will allow SPH to hold a shareholders' meeting to vote on offers from Keppel and Cuscaden Peak on the same day, according to a Wednesday filing.
SPH has two takeover offers on the table. Cuscaden Peak is offering to acquire all shares of Singapore Press at SG$2.40 ($1.76) apiece, while Keppel's offer is SG$2.351 per share.
Price (SGD): S$2.33, Change: S$-0.01, Percent Change: -0.43%
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