SIA draws its Tiger cub into the fold
Airline chief Goh Choon Phong says the budget carrier will be fully integrated into the SIA Group
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Nisha Ramchandani
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Singapore
SINGAPORE Airlines (SIA) is scooping up the rest of Tiger Airways and seeking to align the budget carrier more closely with the broader SIA group, marking the end of Tiger's chapter as a listed company.
The offer period closed on Friday, following several extensions and a revision to the offer price from 41 Singapore cents to 45 cents a share, after the Securities Investors Association (Singapore) lobbied on behalf of the budget carrier's unhappy minority shareholders. Tiger was listed at S$1.50 per share.
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