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Broker's take: SIA's final price for Tiger attractive, says OCBC
SINGAPORE Airlines' (SIA) final price for Tiger Airways is attractive given its muted outlook, said OCBC Research analyst Eugene Chua on Tuesday as he recommended shareholders to accept the offer.
SIA on Monday raised its offer price for Tiger from S$0.41 to S$0.45 a share, and stressed that this would be the final offer to shareholders.
The deal remains conditional on SIA garnering more than 90 per cent of Tiger at the close of the offer. As at 5pm on Monday, this figure stood at 77.48 per cent.
The offer has been extended from the original date of Dec 28, 2015, to Jan 22, 2016, 5.30pm.