SINGAPORE - Shareholders of Singapore Press Holdings (SPH) on Tuesday (March 22) 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 Temasek-linked CLA Real Estate Holdings and Mapletree.
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.
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