- The state investment firm Temasek Holdings has made an offer to purchase control of Singaporean conglomerate Keppel Corp for S$4.1 billion.
- The deal would be through Temasek's wholly-owned subsidiary Kyanite Investment Holdings, offering S$7.35 per share of Keppel Corp, a 26% premium of the traded price at that point.
- Once Keppel Corp is under Temasek's control, this could lead to consolidation in the industry.
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