The scheme consideration will provide SPH shareholders with either a total of $2.40 per share including units in SPH REIT, or $2.36 in cash.
Cuscaden Peak has raised its offer for Singapore Press Holdings (SPH) to $2.40 per share, 14.3% higher than its original offer of $2.10 made on Oct 29.
Both parties have entered into an implementation agreement to privatise SPH via a scheme of arrangement.
