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BRIEF-Temasek Says Unit Makes Partial Offer For 30.55% Of Keppel Corp's Shares

Reuters SG
Updated

Oct 21 (Reuters) - Temasek:

* UNIT ANNOUNCES VOLUNTARY PRE-CONDITIONAL CASH PARTIAL OFFER FOR 30.55% OF KEPPEL SHARES AT S$7.35 PER SHARE

* IF SUCCESSFUL, PARTIAL OFFER WILL RESULT IN TEMASEK AND OFFEROR OWNING AN AGGREGATE 51% OF KEPPEL

* OFFEROR DOES NOT INTEND TO DELIST OR PRIVATISE COMPANY

* KYANITE INVESTMENT HOLDINGS TO MAKE PARTIAL OFFER TO BUY 30.55% OF SHARES OF KEPPEL CORP AT S$7.35 PER SHARE IN CASH

* FOLLOWING CLOSE OF PARTIAL OFFER, OFFEROR INTENDS TO UNDERTAKE A COMPREHENSIVE STRATEGIC REVIEW OF KEPPEL CORP'S BUSINESSES

* TO FACILITATE STRATEGIC REVIEW, OFFEROR MAY PROPOSE NEW DIRECTORS TO BOARD OF DIRECTORS OF KEPPEL CORP AFTER CLOSE OF PARTIAL OFFER

* STRATEGIC REVIEW MAY RESULT IN POTENTIAL JV'S , PARTNERSHIPS, ACQUISITIONS, DIPOSALS, MERGERS FOR KEPPEL CORP Source text for Eikon: Further company coverage: