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| Name | Symbol | Market | Type |
|---|---|---|---|
| Singapore Tech Engineering Ltd (PK) | USOTC:SGGKY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.85 | 9.00% | 34.50 | 33.80 | 35.20 | 36.25 | 34.50 | 36.25 | 2,567 | 22:00:01 |
From Jan 2020 to Jan 2025
By Cara Lombardo
A bidding war has erupted around defense- and transit-technology company Cubic Corp., which had agreed to sell itself to a pair of private-equity firms before a new corporate suitor surfaced last week.
Veritas Capital and the private-equity arm of Elliott Management Corp. in February agreed to pay $70 a share to take Cubic private. Singapore Technologies Engineering Ltd. then made an unsolicited bid of $76 last week.
Since then, the private-equity duo raised its bid to $72 a share, and ST Engineering responded by boosting its offer to $78, according to people familiar with the matter. Neither of those bids has previously been reported.
Cubic shares closed Friday at $74.80.
(More to come)
Write to Cara Lombardo at cara.lombardo@wsj.com
(END) Dow Jones Newswires
March 29, 2021 14:50 ET (18:50 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Singapore Tech Engineering (PK) Chart |
1 Month Singapore Tech Engineering (PK) Chart |
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