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Cuscaden Peak to cover $34m break fee if SPH shareholders vote down Keppel offer
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SPH shareholders were due to vote on the Keppel scheme by Dec 8, but this has now been delayed.
ST PHOTO: GIN TAY
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SINGAPORE - Cuscaden Peak's offer for the assets of Singapore Press Holdings is superior, compelling and gives shareholders a higher valuation, higher cash component and deal certainty.
Also, Cuscaden Peak is prepared to cover the $34 million break fee if shareholders vote against the Keppel scheme.
