In the saga that keeps on giving – the Rival Consortium bidding for SPH (against Keppel) has come back with a revised offer. After Keppel upped their final offer to S$2.351, the Rival Constortium similarly upped their offer to $2.36 all cash, which makes it far superior. This is probably the last you’ll hear of this SPH saga, because Keppel has already said S$2.351 was the final offer, and will not be increased any further. Source: ST What is going on? Bidding war for Singapore Press Holdings (SPH)? For those of you who are new to this saga, a quick recap: May 2021 – SPH announced a big restructuring, to spin off their media company at a cost of $110 million (you may remember this as the “Umbrage” event)August 2021 – Keppel offers to buyout SPH for $3.4 billion, or $2.099 per share. This...