Tiger Airways

Less than 2 days after our initial post diagnosing the current state of SIA’s takeover offer for Tigerair shares, SIA upped the ante by announcing that it has waived the 90% acceptance condition, making the offer unconditional in all aspects, as well as further extending the offer period to 5 February 2016 from 22 January. […]

It has been a full 2 months since Singapore Airlines Ltd (“SIA”) launched a much awaited takeover offer for all shares in Tiger Airways Holdings Ltd (“Tigerair”) it does not own. Yet, there seems to be a fair bit of hesitation amongst Tigerair minority shareholders in accepting the revised offer from SIA of $0.45 per