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Conglomerate Keppel to buy Singapore Press Holdings for $1 7 billion
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The Straits Times
Keppel offered to acquire SPH after the company hives off its media business.ST PHOTO: KHALID BABA
https://str.sg/3Uu7
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The Straits Times
SPH, SPH Reit, Keppel Corp and Keppel Reit call for trading halts pending announcements
Singapore Press Holdings, SPH Reit, Keppel Corp and Keppel Reit separately called for the trading halts within minutes of one another.ST PHOTO: GAVIN FOO, KEPPEL
https://str.sg/3UnB
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The New Paper
Keppel makes privatisation offer for SPH in deal worth $3.4b
SPH chief executive Ng Yat Chung (second from right) during a virtual press conference yesterday. TNP PHOTO: GIN TAY
Offer selected from more than 20 potential bidders over a two-stage process
POOH CHIAN HUI, DEPUTY BUSINESS EDITOR
Aug 03, 2021 06:00 am
0 Engagements
Conglomerate Keppel Corporation yesterday offered to acquire Singapore Press Holdings (SPH) after its media business is hived off, in a deal that values SPH at $3.4 billion.
The privatisation offer will see SPH delisted from the Singapore Exchange and become a wholly owned subsidiary of Keppel, whose share of the deal stands at $2.2 billion.
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