Conglomerate Keppel Corp sweetened its bid to buy Singapore Press Holdings (SPH), excluding its media business, heating up the bidding war with state investor Temasek Holdings over control of the media and real estate firm.
Singapore’s Keppel in a statement late on Tuesday said it is now offering S$2.351 per share to SPH shareholders in cash plus stock, higher than its initial offer of S$2.099 and outbidding the Temasek-linked consortium’s S$2.1 per share.
