For SPH shareholders, Keppel’s offer is not perfect but it is the best on the table

SINGAPORE – After waiting for what might seem like an eternity, shareholders of Singapore Press Holdings (SPH) have an offer from Keppel Corp to buy out their shares via a $3.4 billion part-cash, part-Reits offer.

Documents that have been circulated indicate that this gives them an opportunity to realise the value of their SPH shares at a premium of 39.9 per cent to the last traded price before SPH announced a strategic review of its businesses in March this year.

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