Staff Reporter
,
Singapore
Over 12m new SIA shares will be listed.
Singapore Airlines has obtained approval-in-principle from the Singapore Exchange in relation to its proposed takeover of budget carrier Tigerair.
SIA will list up to 12.50m new shares on the Mainboard. Under its takeover offer for Tigerair, each shareholder has the option of buying SIA shares at a price of $11.043 per share.
The official offer document will be despatched to investors not earlier than 14 days and not later than 21 days from the offer announcement date.
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