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Silverlake Axis should ask IFA to push the boundaries in assessing take-private offer

This will underscore the board’s independence on the matter, and signal its confidence in the value creation capacity of the company

Ben Paul

Ben Paul

Published Wed, Sep 4, 2024 · 05:00 AM
    • Silverlake Axis is a leading player in the enterprise technology sector in South-east Asia, serving 40 per cent of the top 20 largest banks in the region.
    • Silverlake Axis is a leading player in the enterprise technology sector in South-east Asia, serving 40 per cent of the top 20 largest banks in the region. PHOTO: BT FILE

    TAKE-PRIVATE deals are not uncommon in the Singapore market, but the offer for Silverlake Axis has a number of interesting elements.

    For starters, the all-cash offer price of S$0.36 per share is one of two options that shareholders of the enterprise technology company may choose.

    In lieu of the all-cash consideration, shareholders of Silverlake Axis may opt to exchange each share they hold for S$0.30 in cash plus one new redeemable preference share (RPS) in the offeror.

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