Singapore Press Holdings (SPH)

[Shiyi]

SPH@234
A clear win by HPL and one might wonder what's happening to the Keppel team?
First, they gives a final offer, and now, we know that the "SPH shall not take any action to hold an Alternative Scheme Meeting within eight weeks from the date of the Keppel Scheme Meeting" has no binding power.

(link to SIC #2.2)

Stay home and stay safe, everyone.

There is another option for SPH shareholders. Which is to vote down both Keppel and Cuscaden offers. As quite a few long-term shareholders of SPH bought the shares at above $3, this option cannot be ruled out. 

In that scenario, Keppel would not be given the break fee.