Singapore's Temasek has not yet decided whether to invoke a material adverse change (MAC) clause in its $3 billion conditional offer for Keppel Corp , adviser Morgan Stanley said on Saturday.
FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su
SINGAPORE - Singapore’s Temasek has not yet decided whether to invoke a material adverse change clause in its $3 billion conditional offer for Keppel Corp , adviser Morgan Stanley said on Saturday. Keppel fell to a large second-quarter loss on Thursday that breaches a threshold in state investor Temasek’s offer to buy control of the company.
“At this stage, the Offeror has not made a decision whether to invoke the MAC Pre-Condition based on the 2Q2020 results,” Morgan Stanley said in a regulatory filing issued on behalf of Temasek. “If the MAC Pre-Condition is invoked by the Offeror, the pre-conditional Partial Offer will be withdrawn,” it said, adding that a decision on the matter would be disclosed no later than Aug. 31.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Meet the Doula Who Raised $3 Million to Support Reproductive EducationRead about Erica Chidi, doula and co-founder of Loom, who just raised a $3 million seed round to help expand her platform on education surrounding issues of women’s health.
Weiterlesen »
These $3 Plant Food Spikes Will Probably Save The Plants You Always KillMiracle-Gro Indoor Plant Food Spikes are the affordable savior your not-so-green thumb has been waiting for.
Weiterlesen »
Toni Braxton to Release 10th Album 'Spell My Name' Next Month, Drops 'Dance' SingleGrammy award-winning R&B artist Toni Braxton announced Friday (July 31) she&39;ll release her 10th studio album Spell My Name on Aug. 28 via Island Records.
Weiterlesen »
Google earnings: Google Cloud's growth slows but still a bright spot - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »
'Big Brother' All-Star Cast Won't Be Revealed Until PremiereBigBrother is doing things differently for its upcoming 22nd season.
Weiterlesen »
Katy Perry Reveals Which Empowering Anthem on Smile She's Excited for Her Daughter to HearKaty Perry Reveals Which Empowering Anthem on Smile She's Excited for Her Daughter to Hear
Weiterlesen »