Temasek-backed Cuscaden announces offer for SPH

Two options were elaborated in their announcement.

Cuscaden Peak Pte. Ltd. entered into an Implementation Agreement with Singapore Press Holdings (SPH) to acquire all the issued and paid-up ordinary shares in the capital of SPH.

Under the Cuscaden Scheme, each SPH shareholder can choose between an All Cash Consideration or a Cash and Units Consideration, with both options having a consideration value of up to $2.4001 per share.

SPH recognised this offer as superior to the Keppel Scheme with a consideration value of up to S$2.351 per share. This led the SPH Independent Directors to view against the Keppel Scheme and voted in favour of the Cuscaden Scheme.

The transaction is expected to be completed by February 2022.

A chain offer may also be triggered in compliance with the Take-Overs and Mergers Code, which, if Cuscaden and its parties hold more than 30% of SPH REIT units. If put into effect, the minimum offer price will be $0.964 per SPH REIT Unit.

Follow the link s for more news on

Cuscaden

SPH

share cash offer

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia