Singapore, 30 March 2021 – Further to the announcement made on 22 March 2021, Singapore Technologies Engineering Ltd (“ST Engineering”), updates that it has delivered to the Board of Directors of Cubic Corporation (“Cubic”), a revised proposal to acquire all of Cubic’s outstanding stock for US$78 per share in cash.
No definitive terms or agreements have been agreed upon or executed. There is no certainty or assurance that ST Engineering’s proposal will be successful or will materialise. ST Engineering will, in compliance with its obligations under SGX-ST Listing Manual, update shareholders and the investing public on any material developments. Shareholders and potential investors are advised to exercise caution when dealing in the listed securities of ST Engineering, and should consult their stockbrokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions they should take. ST Engineering shareholders do not need to take any action at this time.