Temasek makes $3 billion bid for Singapore's Keppel, sparks sector M&A talk
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SINGAPORE (Reuters) - Temasek Holdings is offering to buy control of Singapore conglomerate Keppel Corp in a S$4.1 billion ($3 billion) deal that could spark consolidation in the domestic rig building sector that is battling the effects of low oil prices.The announcement, which confirmed what sources told Reuters earlier on Monday, boosted shares in rig builder Sembcorp Marine by 12% on expectations of a likely shake-up in the industry.On Tuesday, the shares rose a further 2.2%, while shares in..