SIA extends offer period for Tiger to Jan 8
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE Airlines (SIA) has extended the offer period for its takeover bid for Tiger Airways from Dec 28 to Jan 8, after the Securities Investors Association Singapore (SIAS) called for both an extension and a higher offer price.
On Dec18, SIAS chief David Gerald wrote a letter to SIA's board, urging a two-week extension to the close of the offer in light of the holiday period. He also lobbied the board to consider revising the offer upwards, noting that some of Tiger's long-term minority shareholders are unhappy with the offer price.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
