The consortium is offering to acquire SPH for $2.10 per share in cash.
A newly-formed consortium backed by powerful names upset what had appeared to be a done deal between Keppel and Singapore Press Holdings (SPH).
Cuscaden Peak, a consortium comprising Hotel Properties Limited (HPL), its co-founder Ong Beng Seng, and two Temasek-linked entities, CLA Real Estate and Mapletree, have proposed an offer to SPH.
