SIA makes Tiger offer unconditional, extends closing date again

Published Mon, Jan 11, 2016 · 12:00 AM

SINGAPORE Airlines (SIA) has made its S$0.45-per-share takeover offer for Tiger Airways unconditional, it said in a Singapore Exchange filing on Monday morning.

It also extended the offer closing date again, from Jan 22 to Feb 5, 5.30pm, noting that it is not permitted to raise its offer price any higher.

SIA had originally said that the offer was conditional upon it reaching a stake of at least 90 per cent.

It and its concert parties controlled a 79.22 per cent stake in Tiger as at 5pm on Jan 8, it added in its Monday filing.

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Companies & Markets

Companies & Markets

SIA makes Tiger offer unconditional, extends closing date again

Companies & Markets

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

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