Singapore Air to Delist Tiger Air as Shareholders Accept Offer
- Singapore Air receives acceptances for 93.8% of Tiger Air
- Singapore Air extends offer closing date by two weeks
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Singapore Airlines Ltd. will take Tiger Airways Holdings Ltd. private after more than 90 percent of shareholders accepted its offer valuing the low-cost carrier at about S$1.13 billion ($802.4 billion).
Tiger Air shareholders embraced a sweetened offer of 45 Singapore cents a share made last month, compared with Singapore Air’s original proposal of 41 cents a share from November. The flag carrier received acceptances for 93.8 percent of Tiger Air as of Feb. 5, it said in a statement late Friday.