Temasek Could Back Out of Keppel Corp Deal Due to Future Financials

Posted on 06/30/2020

Singapore’s Temasek Holdings could be walking away from its 4 billion Singapore dollar bid for control of Keppel Corporation. This scenario would occur if Keppel Corporation’s next earnings triggers a deal clause that permits Temasek to exit the deal. Temasek is watching any significant accounting impairments in Keppel’s financials, which could trigger a material adverse […]