|Bid||5.29 x 0|
|Ask||5.30 x 0|
|Day's Range||5.26 - 5.32|
|52 Week Range||4.81 - 5.61|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||29.07|
|Earnings Date||Jan 27, 2022|
|Forward Dividend & Yield||0.24 (4.52%)|
|Ex-Dividend Date||Aug 06, 2021|
|1y Target Est||6.42|
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(Reuters) -Cuscaden Peak, which trumped a bid to take control of Singapore Press Holdings (SPH), is seeking support from SPH's shareholders to vote against its rival's offer as it aims to seal the deal, a senior executive told Reuters. The comments come hours after Keppel Corp on Tuesday said it would stick to its final offer following Cuscaden's sweetened nL1N2S50O1S$3.9 billion ($2.9 billion) bid, in a rare bidding war between two groups linked to Singapore state investor Temasek. Cuscaden - a consortium of billionaire property tycoon Ong Beng Seng's Hotel Properties and two independently managed portfolio companies of Temasek - will need SPH shareholders to first vote against Keppel's offer at a meeting next month, before a second vote later in favour of its own bid.
Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&M) businesses, two sources familiar with the matter said on Thursday. A potential deal would bring together one of the world's largest offshore oil rig builders with smaller rival Sembcorp after the businesses were whiplashed by years of oversupply in the sector, sustained weakness in oil prices and a drop in new orders. Trading in shares of Keppel and Sembcorp, which both count Singapore state investor Temasek Holdings as their largest shareholder, was halted on Thursday pending announcements.