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.
