Singapore state investor Temasek Holdings [TEM.UL] is offering to take control o...
A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su/Files
SINGAPORE - Singapore state investor Temasek Holdings [TEM.UL] is offering to take control of conglomerate Keppel Corp in a deal valued at around S$4.1 billion , the companies said on Monday.Reuters reported the news ahead of the announcement. A subsidiary of Temasek will offer S$7.35 in cash for each Keppel share, a premium of nearly 26% over the last traded price of S$5.84, Keppel said in a statement.
Keppel’s businesses range from rig-building to property development. Shares in Keppel were halted for trading earlier on Monday.
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