“We have already expected its deal to take SPH private to be off since the intervention by Cuscaden in November 2021,” they add.
CGS-CIMB Research analysts Lim Siew Khee and Eing Kar Mei see Singapore Press Holdings’ (SPH) termination of the Keppel Scheme as paving the way for a clearer and more straight-forward privatisation process.
This allows for shareholders to vote on the more superior Cuscaden offer, write the analysts in their Feb 10 note.
