M1 shareholder Keppel launches buy-out offer

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(Telecompaper) Singapore operator M1 has received a buy-out offer from two of its main shareholders, Keppel and Singapore Press Holdings. They are offering SGD 2.06 cash per share, equal to a premium of 30 percent on the weighted average price in the past month and 7.6x the company’s EBITDA. 
Source: Industry News (syndicated from Telecompaper.com)

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