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Business

KKR, Singtel Consortium Seizes Full Control of STT GDC in Landmark $5.2 Billion Deal

A consortium led by KKR and Singapore Telecommunications has agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion, taking full ownership of one of Asia's largest data centre platforms. The deal, valuing STT GDC at S$13.8 billion, marks Southeast Asia's largest-ever data centre transaction and underscores the fierce competition for digital infrastructure assets.

Business

Quest Diagnostics: A Value Play in Healthcare After Strong Run?

Shares of Quest Diagnostics (DGX) have delivered robust returns over multiple timeframes, prompting investors to question if the rally has room to run. A deep dive into valuation metrics suggests the stock may still be trading at a discount to its intrinsic value, even after recent gains.