This will underscore the board’s independence on the matter, and signal its confidence in the value creation capacity of the company
Take-private deals are not uncommon in the Singapore market, but the offer for Silverlake Axis has a number of interesting elements.
For starters, the all-cash offer price of S$0.36 per share is one of two options that shareholders of the enterprise technology company may choose.
In lieu of the all-cash consideration, shareholders of Silverlake Axis may opt to exchange each share they hold for S$0.30 in cash plus one new redeemable preference share (RPS) in the offeror.
