SIA returns to table with better offer for Tiger
Offer now up 10% from before at 45 Singapore cents per share; SIAS thankful for revised offer
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Nisha Ramchandani
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Singapore
SINGAPORE Airlines (SIA) appears to be meeting Tiger Airways' long-term shareholders halfway as it tabled a revised offer of 45 Singapore cents per share to delist the struggling budget carrier, signalling however that this would be the final offer.
In an announcement to the Singapore Exchange on Monday night, SIA hiked its offer price by nearly 10 per cent from 41 cents previously, with the new offer representing a premium of 45 per cent over Tiger's last traded price of 31 cents on Nov 5 before the general offer was launched. The revised offer values Tiger at about S$1.125 billion.
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