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SIA makes Tiger offer unconditional, extends closing date again

Monday, January 11, 2016 - 08:00
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Singapore Airlines (SIA) has made its S$0.45-per-share takeover offer for Tiger Airways unconditional, it said in a Singapore Exchange filing on Monday morning.

SINGAPORE Airlines (SIA) has made its S$0.45-per-share takeover offer for Tiger Airways unconditional, it said in a Singapore Exchange filing on Monday morning.

It also extended the offer closing date again, from Jan 22 to Feb 5, 5.30pm, noting that it is not permitted to raise its offer price any higher.

SIA had originally said that the offer was conditional upon it reaching a stake of at least 90 per cent.

It and its concert parties controlled a 79.22 per cent stake in Tiger as at 5pm on Jan 8, it added in its Monday filing.

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