Keppel and SPH closes voluntary unconditional general offer for M1

Submitted By:  Staff Reporter Case Study:  No Both firms are expected to hold 80.69% of M1. Konnectivity, the joint venture company of Keppel and Singapore Press Holdings (SPH), has has announced the close of the voluntary unconditional general offer for M1 Limited, with the offeror and its concert parties holding 94.55% in M1. Due to strong shareholder support, Keppel and SPH are entitled to compulsorily acquire all the shares of shareholders who have not accepted the offer at the price of $2.06 for each share. Subject to the approval of the Singapore Exchange, M1 will then be delisted. read more