Analysts from CGS-CIMB Research, DBS Group Research, OCBC Investment Research (OIR) and UOB Kay Hian are positive on the proposed privatisation deal of Singapore Press Holdings (SPH) by Keppel Corporation.


See: Keppel Corp makes $2.2 bil offer to acquire SPH's non-media portfolio; SPH valued at $3.4 bil


Under the terms of the offer scheme, SPH shareholders will receive a total consideration of $2.099 per share, which comprises cash of 66.8 cents per share, 0.596 Keppel REIT units valued at 71.5 cents per SPH share, as well as a distribution in specie (DIS) of 78.2 units in SPH REIT valued at 71.6 cents per SPH share.


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