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What is next for SPH with Cuscaden takeover?
Consortium likely to keep and manage retail assets, but non-property assets may be sold
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Shareholders of Singapore Press Holdings (SPH) on Tuesday voted in favour of a $3.9 billion takeover offer from Cuscaden Peak, a consortium comprising tycoon Ong Beng Seng's Hotel Properties (HPL) and units of Temasek-linked Mapletree and CapitaLand.
The vote marks the end of a fierce takeover battle between Cuscaden and rival bidder Keppel Corp for SPH, now largely a property company after its media assets were hived off.
