[sgbuffett]

Under the offer, SPH shareholders will receive 66.8 cents in cash per share, as well as 0.596 Keppel Reit units and 0.782 SPH Reit units per share.

Keppel Reits = 1.12
SPH reits = 0.89

Total value of takeover = 0.667+ 1.12x 0.596 + 0.89 x 0.782
=  $2.03

Stock is now $1.92

A 5.7% gap.

Holding period is 3-6months.

Risk 1 : Takeover voted down Risk 2: The reits fall in price.

Risk 1 is very low chance as takeover is beneficial as Keppel stand to make $600M with Conservative valuation of SPH assets is at least $2.50

Risk 2 is possible but if you are buying reits anyway you are getting these at a 5.7% discount which is attractive.

[keys]

I rather own Keppel...

[Gstalk]

5.7% is not much.
Very risky as the 2 REITS may fall in prices.

Also you will get funny odd lots which will be very difficult to sell at the right price.

[sgbuffett]

Ong Beng Seng has now organised a group to buy at $2.10 cash.

Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.

[Tangsen]

Why Keppel Reits wanna makan SPH instead of SPH REITs?

[sgbuffett]

Why Keppel Reits wanna makan SPH instead of SPH REITs?

SPH assets are better than assets in the sph reits.

[Tangsen]

SPH assets are better than assets in the sph reits.

Like that SPH must change name because Press Holding to Property Holdings liow.
Like that Keppel Reits might as well makan SPH and SPH Reits

[forum456]

Ong Beng Seng has now organised a group to buy at $2.10 cash.

Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.

Keppel will not counter offer because Keppel is forced to do national service so that SPH can get a counter offer.

[sgbuffett]

Keppel will not counter offer because Keppel is forced to do national service so that SPH can get a counter offer.

So whole thing is a show for OBS and Temasek to cut meat? ...I won't be too happy if I were sph shareholder.

[forum456]

So whole thing is a show for OBS and Temasek to cut meat? ...I won't be too happy if I were sph shareholder.

Do you think that Keppel wants to buy SPH or SPH wants to sell SPH ?
Since SPH wants to split media to the govt, SPH has to change name or sell away.

Look like SPH cannot find private buyer, thus Keppel comes in to buy.
Keppel offer is low so that private counter offer can come in.

[Tangsen]

SPH sell liow …. General clueless Umbrage do what? Join Pest Anal Partee

[starbugs]

I think Keppel will counter offer. Not necessarily raise the price by a lot, but increase the cash component and reduce the non-cash components (Keppel Reit and SPH Reit).

This is partly why Keppel Reit rose 3.6% today on 30m units done so far.

[lionkingch55]

Ong Beng Seng has now organised a group to buy at $2.10 cash.

Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.

 Good to have competitive offer. I think will close at $2:20

[sclim]

at a turning point where more vtl is opening, it is better to chase bigger margin counters like those in transport, hotel, casino.

[Sharexchange]

I bought Keppel corp recently. Purely base in laggard play and technical chart.

[hansamu]

I bought Keppel corp recently. Purely base in laggard play and technical chart.

Sensible.  Good move. 
Higher dividend will be paid to shareholders soon.

[sgbuffett]

Now $2.17 nice rise since the Keppel offer....

[sgbuffett]

Ong Beng Seng has now organised a group to buy at $2.10 cash.

Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.

Counter offer is $2.35

I believe OBS group will go to $2.40 ...and that will be the one share holders take. There is still some meat left ...but not as much as before.

-------------
Kang Wan Chern
PUBLISHED 4 HOURS AGO


SINGAPORE - Keppel Corporation has raised its offer to take over and privatise Singapore Press Holdings (SPH) to $2.351 per share

......

The improved offer is 12 per cent higher than Keppel's original offer for SPH announced on Aug 2 and a 9 per cent premium to SPH's last trading price of $2.16 on Nov 9. It also represents a premium of 56.7 per cent to the last undisturbed SPH share price of $1.503 on March 30 and a 7.9 per cent premium over SPH's net asset value per share of $2.184.

......

The move comes after a rival, all-cash offer of $2.10 per share made on Oct 28 by Cuscaden Peak to privatise SPH.

[Sharexchange]

I bought Keppel corp recently. Purely base in laggard play and technical chart.

How ah..keppel keep spending money.

[sgbuffett]

Counter offer is $2.35

I believe OBS group will go to $2.40 ...and that will be the one share holders take. There is still some meat left ...but not as much as before.

-------------
Kang Wan Chern
PUBLISHED 4 HOURS AGO


SINGAPORE - Keppel Corporation has raised its offer to take over and privatise Singapore Press Holdings (SPH) to $2.351 per share

......

The improved offer is 12 per cent higher than Keppel's original offer for SPH announced on Aug 2 and a 9 per cent premium to SPH's last trading price of $2.16 on Nov 9. It also represents a premium of 56.7 per cent to the last undisturbed SPH share price of $1.503 on March 30 and a 7.9 per cent premium over SPH's net asset value per share of $2.184.

......

The move comes after a rival, all-cash offer of $2.10 per share made on Oct 28 by Cuscaden Peak to privatise SPH.

OBS group has come back with a new proposal at exactly the price I predicted of $2.40

This will be the final offer.

Congrats to all who bought for good  gains

https://www.straitstimes.com/business/co...ementation

[Galilo_l]

If successful takeover wat will hapen to hwz forum?

[Sharexchange]

How ah i own Keppel corp..will hold until next year..