Singapore Airlines is offering Tiger Airways shareholders 0.41 cents per share. SIA must get over 90% of the Tiger shares in order for it to take over the company. Currently, SIA own 55.8% of Tiger shares. If SIA failed to convinced the other shareholders to accept its offer then the deal is off.
I am a minority holder of Tiger shares and my acceptance or non acceptance will not mean much to SIA's takeover of Tiger. Therefore, I will do nothing but just wait for the outcome. If SIA is able to get a total of 90% of all Tiger shares then I will be forced to surrender all my Tiger shares at 0.41 cts per share, like it or not.
But if SIA fails in its bid to obtain the 90% mark, then SIA will probably better its offer price of 0.41 cts. I hope SIA will not get that 90% mark.
I am a minority holder of Tiger shares and my acceptance or non acceptance will not mean much to SIA's takeover of Tiger. Therefore, I will do nothing but just wait for the outcome. If SIA is able to get a total of 90% of all Tiger shares then I will be forced to surrender all my Tiger shares at 0.41 cts per share, like it or not.
But if SIA fails in its bid to obtain the 90% mark, then SIA will probably better its offer price of 0.41 cts. I hope SIA will not get that 90% mark.
6 comments:
Tiger IPO price was $1.50 now want to buy at 41C cheapoh SIA!
Hehe hopefully your blog reaches out to readers who owns TigerAir shares to not accept SIA's offer ;)))
If SQ does not have the 90% then it may abandon the idea of taking over Tiger. If this happens then Tiger share price may slump to its original price before the offer which is 30 cents.
It looks like SIA is going for a force acquisition to tiger air.
How to force? If can't have the 90% how to force acquisition? SIA gave to option to buy SIA share at 11.10 but today's value in the open market is not even 10.25. It is a big joke and a big slap on the ceo's face.
Only 2 options left for SIA.
1) forget about fully owning Tiger OR
2) give a higher price to Tiger share holders ya much more than the 40 cents and option to buy SIA share say around $10 or below.
sia has a hand in the ipo of 1.50 and now want to buy at 41cents. shortchanging is the name of the game.
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