StarHub May Have to Raise Equity to Finance Potential M1 Deal — Market Talk
StarHub may have to raise equity to finance a potential deal to buy peer M1, says Macquarie Capital's Zhiwei Foo in a note. StarHub confirmed it is in talks with M1 owner Keppel Ltd. to acquire the telecommunications unit. Foo estimates that StarHub could need to issue stock equivalent to 12% of it…