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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