SINGAPORE (Sept 27): Keppel Corporation and Singapore Press Holdings, through a jointly held offeror Konnectivity, is making a pre-conditional voluntary general offer for M1.

Keppel and SPH say the offer to gain majority control will “help drive business changes in M1 and enable M1 to compete more effectively in the telecommunications industry.”

The offer price for each M1 share is $2.06 each, or 26% higher than its last traded price of $1.63 before trading was halted for the announcement.

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