Will Zagro follow SIA in revising offer?
SIA just revised its offer for Tiger Air after saying earlier that it will not revise its offer. As Zagro Asia also said it will not revise its offer earlier but the owner could succumb under pressure if shareholders unite and refuse to sell shares to him at this offer price.
Disclaimer: I am vested in Zagro, so opinion will be biased.
Entry filed under: Investing.