For those of you who might have missed it, the really big news that came out the past week was Temasek announcing that it will be acquiring a majority (51%) stake in Keppel (it owns 21% now).
It’s a really interesting deal, so let’s break it down further and analyse the implications.
Basics: Temasek Buying Keppel?The Straits Times has a fantastic article that summarises the transaction, so huge kudos to them for drafting it so well.
Q WHAT IS TEMASEK’S OFFER?
A Temasek plans to offer Keppel shareholders $7.35 per share, in cash, to buy 554.9 million shares or 30.55 per cent of Keppel. This partial offer will raise its stake in Keppel from 20.45 per cent to 51 per cent. It will do this through its wholly owned subsidiary Kyanite Investment Holdings.
Q HOW DOES THE OFFER PRICE COMPARE WITH HISTORICAL PRICES?
A The price
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