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SIAS urges SIA board to sweeten its offer for Tiger Airways

It says minority shareholders aren't satisfied and may not accept bid

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OFFER PRICE SIA: is seeking to take Tiger private to fully integrate it within the group. The offer price of S$0.41 announced on Nov 6 represents a premium of 32 per cent over Tiger's Nov 5 closing price.

Singapore

THE Securities Investors Association (Singapore) or SIAS has appealed to the Singapore Airlines (SIA) board for a revision of the group's takeover offer for Tiger Airways, highlighting that a sweeter offer might help secure the acceptance needed to delist the budget carrier.

sentifi.com

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