Cuscaden Peak, a three-way consortium formed by Hotel Properties, Mapletree Investments and CapitaLand, have tabled an all-cash offer of $2.36 for each SPH share held.
Singapore Press Holdings, which is the target of a bidding tussle, has been granted the go ahead by the court on Feb 14 to hold a meeting for shareholders to decide if they want to accept an offer by Cuscaden Peak.
“As such, the company will continue with its preparations to allow shareholders to consider and vote on the Cuscaden scheme,” states SPH on Feb 14.
