date:Jul 21, 2012
tisfied, it would then make a mandatory offer for all outstanding shares for a maximum consideration of S$2.4bn.
Highly attractive offer - Heineken
Heineken already holds a 42% stake in APB, while Japanese rival Kirin Holdings holds 14.7% of FN. The Dutch firm's CEO and chairman, Jean-Franois van Boxmeer, said:We believe that our offer for the APB shares is highly attractive and provides excellent value to FN and APB shareholders.
At the same time, taking control of APB will create long-term