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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

Nisha Ramchandani

Published Fri, Dec 18, 2015 · 09:50 PM

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.

This comes a week after independent financial adviser (IFA) Maybank Kim Eng delivered a "fair and reasonable" opinion on the 41 Singapore cents per share offer and recommended that shareholders accept the offer unless they are able to secure a higher price on the open market.

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