Shareholders of M1 have up until Feb 4 to accept the offer.
SINGAPORE (Jan 8): OCBC Investment Research is revising its “hold” rating on M1 to “accept the offer” while maintaining its current fair value estimate of $2.06 per share.
To recap, Konnectivity – a jointly-owned company between Keppel Corporation and Singapore Press Holdings (SPH) – announced a pre-conditional voluntary general offer (VGO) for M1 in Sept last year at $2.06 per share, in its bid to gain a majority stakeholding in the telco.
