A lot of people have overworked over the weekend, SPH directors included. Merger arbs are having their field day. And now Cuscaden can break up SPH into bits and pieces and then sell Genting Lane/M1 to Keppel separately, while keeping the AUM for themselves (Mapletree).
Superior Offer for Singapore Press Holdings Limited Cuscaden Peak Pte. Ltd.
Each SPH shareholder may choose to receive either: S$2.3602 in cash per Share OR S$1.602 in cash + 0.782 SPH REIT units per Share (S$2.400)
Counter offer ppt: https://links.sgx.com/FileOpen/Revised%2...eID=690816
Superior Offer for Singapore Press Holdings Limited Cuscaden Peak Pte. Ltd.
Each SPH shareholder may choose to receive either: S$2.3602 in cash per Share OR S$1.602 in cash + 0.782 SPH REIT units per Share (S$2.400)
Counter offer ppt: https://links.sgx.com/FileOpen/Revised%2...eID=690816