After a long-running bidding war, it seems like the SPH acquisition saga is finally moving into the voting stage! Terence Chua, Senior Research Analyst, Phillip Securities discuss SPH's rationale in exercising its right to terminate bidder Keppel Corp’s offer while making preparations for shareholders to vote on Cuscaden Peak’s rival offer, and Keppel Pegasus' push for the arbitration proceedings in an effort to enforce its rights and seek various reliefs against SPH.