Tiger Airways

[level13]

http://infopub.sgx.com/FileOpen/Singapor...eID=383110

A big slap on SIAS..... As expected

I will be surprised if they do increase the offer px. It was a ridiculous proposition to begin with. There will always be long term shareholders in every stock counter. 

It's a joke to suggest that the offer px be near the IPO px. In that case might as well ask MAS & SGX to set up a rule that for all companies doing the GO, their offer px must be at least the IPO px of the target company.

[touzi]

http://infopub.sgx.com/FileOpen/Singapor...eID=383110

A big slap on SIAS..... As expected

There is a misconception, that voicing up should get what you want, otherwise a failure, IMO   It is a flaw concept usually held by vocal minorities.

The voice is heard, by both public and SIA. SIA has responded publicly. The process is in full transparency. It is a meaningful procedure, IMO.

(not vested in both SIA, and Tiger Air)

Even if one deemed it a failure, there isn't a need to lambast them. Investors are definitely better off with SIAS around, even if their influence is limited.

[desmondxyz]

http://infopub.sgx.com/FileOpen/Singapor...eID=383110

A big slap on SIAS..... As expected

There is a misconception, that voicing up should get what you want, otherwise a failure, IMO   It is a flaw concept usually held by vocal minorities.

The voice is heard, by both public and SIA. SIA has responded publicly. The process is in full transparency. It is a meaningful procedure, IMO.

(not vested in both SIA, and Tiger Air)

Even if one deemed it a failure, there isn't a need to lambast them. Investors are definitely better off with SIAS around, even if their influence is limited.

Hmm...Is there any case study showing that investors are better off with SIAS around?

However, I did remember there are a few companies gone burst and these companies are actually the winners of SIAS most transparent company award.....

[retired1again]

SIA has extended the deadline of their offers from 28 Dec 2015 to 8 Jan 2016. But there is no mention on how many shares have been tendered or how many percents of total shares they owned so far.

Can any sifu advises why SIA does not have to announce the level of acceptance of their offers as seem in other GOs?

Thanks in advance.

[tealeaves]

SIA has extended the deadline of their offers from 28 Dec 2015 to 8 Jan 2016. But there is no mention on how many shares have been tendered or how many percents of total shares they owned so far.

Can any sifu advises why SIA does not have to announce the level of acceptance of their offers as seem in other GOs?

Thanks in advance.

SIA made the updates to SGX this morning at 0621H, for ur interim info

SINGAPORE: National carrier Singapore Airlines (SIA) owns, controls or has agreed to acquire about 74.5 per cent of shares in Tiger Airways - short of the 90 per cent it requires to take the budget airline private.
The shortfall could explain SIA's decision to extend its offer to buy Tigerair shares from its original deadline of Monday, Dec 28, to Jan 8 instead.
In a filing to the Singapore Exchange website at 6.21am on Tuesday (Dec 29), SIA said that it owned or controlled about 1.86 billion shares as of 5pm on Monday. Its offer saw acceptances for about 469 million shares, or 18.76 per cent of Tigerair stock, as of Monday.
The Singapore flag carrier is offering Tigerair shareholders S$0.41 a share, a 32 per cent premium to Tigerair’s closing price of S$0.31 the day before the deal was announced. The offer also comes with an option to subscribe to SIA shares at S$11.1043 a share.

[retired1again]

With less than 75%, it will be likely a no-go situation to convince existing shareholders to accept even the offer is extended to 8 Jan 2016.
SIA will either to improve their offers to entice shareholders or let the offer lapsed or change the pre-condition of 90% minimum.
Let wait for further announcements from SIA.

[retired1again]

SIA has revised and raised their OFFER PRICE FOR TIGER AIRWAYS SHARES TO 45 CENTS represents final Offer Price this evening.

[Art or Science]

Didnt see this coming

http://infopub.sgx.com/FileOpen/SIA-Revi...eID=384556

[corydorus]

I did notice it when the % agreed is so low. But I feel SIA may not up the offer. Is a 50%/50% chance so I could not grab the opportunity as the risk of share price can come crashing down is high too. So looks like the decision is really borderline considering is their last offer.

[CityFarmer]

It shows the low confidence of SIA to get the 90%...

(not vested)

SIA declares Tiger Air offer unconditional

SINGAPORE (Jan 11): Singapore Airlines ( Valuation: 1.40, Fundamental: 1.65)’ offer for the shares in Tiger Airways (Valuation: 0.00, Fundamental: 1.35) has been declared wholly unconditional.

SIA on Monday morning waived the condition in its voluntary general offer for Tiger Airways that required it and parties acting in concert with it to own more than 90% of Tiger Airways by the close of the offer.
...
http://www.theedgemarkets.com/sg/article...onditional