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Accept the offer as outlook still looks murky for M1, says OCBC

PC Lee
PC Lee1/31/2019 01:02 PM GMT+08  • 2 min read
Accept the offer as outlook still looks murky for M1, says OCBC
SINGAPORE (Jan 31): Keppel Corp and Singapore Press Holdings (SPH), through offer vehicle Konnectivity, and together with concert parties and valid acceptances, have amassed a total stake of 34.41% in M1.
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SINGAPORE (Jan 31): Keppel Corp and Singapore Press Holdings (SPH), through offer vehicle Konnectivity, and together with concert parties and valid acceptances, have amassed a total stake of 34.41% in M1.

A total stake of 50% is needed for the offer to turn unconditional.

The offeror also announced that it does not intend to increase the offer price of $2.06/share under any circumstances and has extended the offer to Feb 18.

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