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So the question
How much SIA going to offer to buy back?
Next I saw news SIA claim present tiger air share holder can also in return buy SIA in exchange so how much can more present tiger air stock holder going to top up ?
Sia offering $0.41 for all tiger shares and also rights to subscribe Sia shares at $11.1043 lahh
So u can either take the $0.41 cash per tiger share and put in bank or take the money to buy Sia shares at $11.1043 lahh
my interpretation is
1) every 1000 tiger shares will get $410 and option to buy 36 shares of SIA at $11.1043
2) every 10,000 tiger shares will get $4100 and option to buy 369 shares of SIA at $11.1043
effectively you will get SIA shares at $11.1043
currently SIA holds 55% of tiger, and will need 90% for the deal to go through by 28/12