SIA steps up offer price for Tigerair to $0.45/share

It will be SIA’s final offer.

Singapore’s flag-carrier is determined to make its buyout offer more attractive to shareholders as it significantly raises its offer price by 10%, stating that it will be its final offer.

According to a press release by Singapore Airlines (SIA), the closing date for the offer has also been extended to 22 January 2016 at 5:30 pm.

SIA adds that the new offer price places Tigerair’s valuation to approximately $1.125b and represents a price premium of 45% over the last traded price of S$0.31 before the Offer was announced.

“In addition, the new Offer Price exceeds the highest closing price since 25 October 2013, on a rights-adjusted basis,” the statement said.

“As the 2016 work year begins, we are providing Tiger Airways shareholders certainty with the new Offer Price of S$0.45, which will not be revised further. We are optimistic that with this final upward revision of the Offer Price, those shareholders who have not already accepted the Offer will consider it favourably,” said SIA CEO Goh Choon Phong.

Also Read

Singapore Airlines Group sees 7.9% rise in September passenger volume

CAAS and WAI-SG partner to promote aviation careers for young women

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit