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Temasek-backed consortium makes bid for SPH, tops Keppel s offer

A Singapore state investor Temasek-backed consortium of three property developers proposed to buy media group Singapore Press Holdings for $3.34 billion on Friday (Oct 29), seeking to out-bid conglomerate Keppel Corp. The consortium Cuscaden Peak offered $2.10 per share in cash for Singapore Press, marginally topping Keppel's more complicated cash-plus-share offer of $2.099. Keppel's offer to buy Singapore Press, which.

With rival offer for SPH, analysts not ruling out bidding war

Keppel's privatisation offer is $2.099 a share, while Cuscaden Peak's is $2.10 a share in cash.. Read more at straitstimes.com.

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