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Tiger's independent adviser says SIA offer is 'fair and reasonable'
Published Thu, Dec 10, 2015 · 09:50 PM
Singapore
THE independent financial adviser to the board of Tiger Airways Holdings has given a "fair and reasonable" opinion on the offer by Singapore Airlines for shares in the budget carrier that it does not already own.
Its recommendation is that shareholders accept the offer, unless they are able to obtain a price higher than the offer price on the open market, taking into account transaction costs.
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