Temasek to decide on $3b offer for Keppel by Aug 31, says adviser

Photo: Bloomberg

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.

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.

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