In battle royal for SPH, Cuscaden is poised for victory

The latest Cuscaden offer represents a premium of 10.1 per cent over SPH's financial year 2021 pro forma net asset value per share of $2.18.ST PHOTO: GAVIN FOO

SINGAPORE - The battle royal for Singapore Press Holdings (SPH) seems to be coming to its conclusion with hotelier Ong Beng Seng-led Cuscaden Peak poised to clinch the property group with his sweetened offer of up to $2.40 per SPH share.

Cuscaden, a consortium comprising Mr Ong's investment vehicle, a unit of Mapletree group and the controlling shareholder of CapitaLand, has put two options on the table.

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