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$SPH (T39.SG)$ how high will u go? [Wow]

$SPH (T39.SG)$ how high will u go?
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  • blur_guy :





      



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    HOME COMPANIES & MARKETS

    Court sanctions Cuscaden takeover scheme; SPH's last day of trading on Apr 7

    FRI, APR 01, 2022 - 1:08 PM

    MICHELLE ZHU



    Assuming that the scheme takes effect on Apr 28, shareholders can expect to receive payment from the consideration they have opted for by May 11. 

    ST PHOTO: DESMOND WEE

    CUSCADEN Peak's bid to acquire Singapore Press Holdings (SPH) via a scheme of arrangement was sanctioned in court on Friday (Apr 1).

    The last day of trading for SPH will be Apr 7, before the group's shares are suspended from 9 am the following day and subsequently delisted on May 13.

    Shareholders of SPH will have up until 5 pm on Apr 26 to elect their preferred consideration option of either an all-cash offer of S$2.36, or S$2.40 per share comprising S$1.602 cash and 0.782 of an SPH Real Estate Investment Trust (Reit) unit through a distribution-in-specie by SPH.

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