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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

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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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