M1’s major shareholders, Keppel T&T, Axiata Group and Singapore Press Holdings, are currently in the midst of conducting a strategic review of their respective shareholdings, which may or may not result in a transaction.
SINGAPORE (April 18): DBS expects an offer price range of between $2.23-2.74 per share if M1’s possible takeover scenario is realised.
This is based on data of previous buyouts and privatisations for SGX-listed companies which saw a takeover premium of between 10-35% over last close before announcement.
