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SIA garners 74.5% stake in Tiger - still short of target of over 90%

Aggregate interest at end of Dec 28 deadline includes 18.76% from valid acceptances; offer now closes on Jan 8
Wednesday, December 30, 2015 - 05:50
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SIAS has urged SIA to raise its offer of 41 Singapore cents for each Tiger Airways share. SIA has in response said that the independent financial adviser has declared the offer as "fair".

Singapore

SINGAPORE Airlines (SIA) fell short of the necessary acceptances to delist budget carrier Tiger Airways at the original close of the general offer, according to a filing on Tuesday to the Singapore Exchange, which comes a day after the airline extended the offer deadline.

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