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Cuscaden Peak's offer for SPH puts the ball in Keppel's court
Shareholders will get more price certainty from consortium's all-cash bid: Analysts
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Kang Wan Chern Senior Correspondent Grace Leong Senior Business Correspondent, Kang Wan Chern, Grace Leong
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Keppel Corporation may have to raise its offer for Singapore Press Holdings (SPH) following a competing bid, say analysts, who note that SPH shareholders will get more price certainty from the rival bid.
The offer from Cuscaden Peak to acquire SPH at $2.10 per share in cash, estimated at $3.4 billion in equity value, came before the stock market opened yesterday.
