[hansamu]

[b]The all-cash consideration offers $2.36 per share.[/b]

Cuscaden Peak Ltd. has dispatched election forms to shareholders of the Singapore Press Holdings (SPH)  on whether they want cash and units consideration or all-cash consideration per share uponCuscaden’s acquisition of SPH.

In a joint disclosure, they said SPH Shareholders may opt for an all-cash consideration of $2.36 for each share.

The election period will run from 9 am on 14 April until 5:30 pm on 26 April 2022, whilst the effectivity of the scheme is on or around 29 April.

If the shareholder wants the default option of cash and units consideration of $2.4 per share, comprising $1.602 in cash per share and $0.798 SPH REIT Units, they do not need to take action.

In the absence of any valid election or a failure of election, the eligible shareholder shall be deemed to have elected the default option.

In a separate disclosure, Cuscaden may reduce the minimum chain offer price per SPH REIT, if the offeror concert parties own 30% or more of the SPH REIT Units when the shareholders opted for the all-cash consideration. 

The offeror company may be required to undertake the chain offer if the offeror concert parties own 3.30% or more of the SPH REIT units, with the minimum priced at $0.964 per SPH REIT unit.

Cuscaden may reduce the minimum by $0.0124 per SPH REIT Unit which was announced by the SPH REIT Manager on 9 February and peid to unitholders on 28 February, and by $0.0144 per unit as announced by the manage on 1 April and to be paid to unitholders on 20 May.

[b]Read more[/b]: Cuscaden obliged to offer $0.964 chain offer price per SPH REIT unit

[hansamu]

Better to opt for ALL CASH or some cash plus sph reit shares for long ?

[ysh02]

What does $0.798 SPH reit stand for ? is it they give every SPH share, how many Reit shares ? Now today Reit price $0.955c leh. Please
can forumer enlighten me.

[[[ForeverAlone]]]

get cash rah,

I surely for see SPH will be delist from SGX just like SMRT

[ysh02]

What does $0.798 SPH reit stand for ? is it they give every SPH share, how many Reit shares ? Now today Reit price $0.955c leh. Please
can forumer enlighten me.

Cash or cash plus share...? Reit now $0.955

[starbugs]

Cash more worth it.

[[[ForeverAlone]]]

I actually sold all my SPH stocks way before Covi19 come
same for other stocks

expect Ezion got stuck inside .....zzzz or else I will also sell off.


One of my relative already lost roughly 40k++ from SPH. She still holding it.

[ysh02]

Why cash ? while Reit still trading got hope to get back losses...Total cash mean total loss ? Any advice ?

[hansamu]

get cash rah,

I surely for see SPH will be delist from SGX just like SMRT

It's already confirmed that it will be delisted.
That's why this all cash or cash +Sph reit shares offer to shareholders.

[hansamu]

Why cash ? while Reit still trading got hope to get back losses...Total cash mean total loss ? Any advice ?

I guess those who have bought SPH low will opt for pure cash.

Those who bought at high prices may opt for cash plus shares.

Based on option for the latter at present Sph reit price, it is slightly below $2.36.
May be good to  be still vested with Sph reit...hopefully the share price can surge post Covid. 

Caveat emptor.