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Could Temasek restructure SIAEC and ST Engineering next?
Sembcorp Industries, Sembmarine, Keppel Corp and CapitaLand have undergone or will undergo restructuring. Which companies next?
April 16, 2021
M&A
Cubic Corp spurns ST Engineering's higher bid of US$78 per share
If the deal goes through, it would have been the local defence and engineering conglomerate’s largest-ever M&A deal.
March 31, 2021
Broker's Calls
CGS-CIMB reiterates 'add' call on ST Engineering after it ups bid for Cubic Corp
ST Engineering increased its bid to acquire Cubic Corporation from US$76 to US$78 per share.
March 31, 2021
M&A
ST Engineering revises proposed bid for Cubic Corp to US$78 per share
The revised offer price increases total implied consideration from US$2.41 billion to US$2.49 billion.
March 30, 2021
Broker's Calls
RHB positive on ST Engineering's bid for Cubic Corp, maintains 'buy' rating
RHB says the transaction would offer higher earnings for ST Engineering's urban solutions and satellite communications segments.
March 24, 2021