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Keppel's share price could see 'knee-jerk reaction'; termination of Keppel Scheme unsurprising: CGS-CIMB

Amala Balakrishner
Amala Balakrishner2/10/2022 4:15 PM GMT+08  • 3 min read
Keppel's share price could see 'knee-jerk reaction'; termination of Keppel Scheme unsurprising: CGS-CIMB
We have already expected [Keppel’s] deal to take SPH private to be off since the intervention by Cuscaden in Nov 2021: CGS-CIMB.
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CGS-CIMB Research analysts Lim Siew Khee and Eing Kar Mei see Singapore Press Holdings’ (SPH) termination of the Keppel Scheme as paving the way for a clearer and more straight-forward privatisation process.

This allows for shareholders to vote on the more superior Cuscaden offer, write the analysts in their Feb 10 note.

“We have already expected its deal to take SPH private to be off since the intervention by Cuscaden in November 2021,” they add.

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