An all cash offer for SPH during rising interest rates gives certainty to its shareholders, Cuscaden says

Goola Warden
Goola Warden12/12/2021 07:13 PM GMT+08  • 2 min read
An all cash offer for SPH during rising interest rates gives certainty to its shareholders, Cuscaden says
Cuscaden makes case for its superior offer for SPH in replies to SIAS questions including its all cash offer
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A big advantage for shareholders of Singapore Press Holdings (SPH) in Cuscaden Peak's all share offer is that it provides certainty at a time of rising interest rates. This and other advantages were highlighted in Cuscaden's responses to questions from SIAS.

Cuscaden has reiterated that it has unconditionally and irrevocably waived its right to walk away from the acquisition of SPH upon the occurrence of a Material Adverse Effect (MAE) condition.

In the meantime Cuscaden has received all regulatory approvals from the Monetary Authority of Singapore, the Info-Communications Media Development Authority (IMDA) and the Foreign Investment Review Board in Australia.

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