Cuscaden Peak to cover $34m break fee if SPH shareholders vote down Keppel offer

SPH shareholders were due to vote on the Keppel scheme by Dec 8, but this has now been delayed.
SPH shareholders were due to vote on the Keppel scheme by Dec 8, but this has now been delayed.ST PHOTO: GIN TAY

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.

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