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FILE PHOTO: A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su. SINGAPORE (Reuters) - 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 ( KPLM.SI ), 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. “At this stage, the Offeror has not made a decision whether to invoke the MAC Pre-Condition based on the 2Q2020 results,” Morgan Stanley said in a regulatory filing issued on behalf of Temasek. “If the MAC Pre-Condit... Full story

6 days ago, 1 August