M1 to be delisted as takeover acceptances top 90 percent
M1 will be delisted from the SGX as acceptances of the takeover bid for the Singapore telco have crossed over 90 percent, Konnectivity said Wednesday.
M1 will be delisted from the SGX as acceptances of the takeover bid for the Singapore telco have crossed over 90 percent, Konnectivity said Wednesday.
These are Singapore companies which may be in focus on Monday, 18 February 2019: DBS, M1, Hyflux, DeClout, Procurri, JUMBO and Spackman.
Konnectivity’s bid for M1 has become unconditional after one of the Singapore telco’s major shareholders, Malaysia-based Axiata, tendered its shares.
OCBC on Tuesday advised shareholders to accept the takeover bid for M1 shares, calling it a “fair exit.” Absent the offer, M1 shareholders would remain…
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The planned deals for M1 and Keppel Telecommunications & Transportation are net positives for Keppel Corp. as they are immediately accretive to earnings per share, KGI…
Malaysia-listed Axiata, which holds around 28.7 percent of M1, said on Thursday that it was still reviewing the Keppel Corp.’s and Singapore Press Holdings’ bid…
Keppel Corp. and Singapore Press Holdings (SPH), via a special purpose vehicle called Konnectivity, plan to make an offer for all of M1 at S$2.06…
Both Keppel Corp. and Singapore Press Holdings, or SPH, requested trading halts on their shares before the market open on Thursday, pending the release of…
While details remain fuzzy over what transaction is being weighed for M1, a potential investor in Singapore’s current smallest telco could be looking to play…