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Temasek To Pay $869M To Acquire SMRT Corp.

By Kurt Orzeck (July 20, 2016, 5:39 PM EDT) -- A subsidiary of Singapore state-owned investment company Temasek Holdings Pte. Ltd. has offered to pay SG$1.18 billion ($869.3 million) to buy out SMRT Corp. Ltd. — a leading multimodal public transport operator in Singapore that offers rail, bus and taxi services — the companies said Wednesday....

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