date:Sep 07, 2012
The FN board has already accepted Heinekens improved S$53/share offer for its 39.7% stake in APB; the deal also includes the Singapore-based firms interest in Asia Pacific Investment (APIPL).
Heineken already controls 46.2% of APB both directly and through its JV with FN, but is locked in a fierce battle with local rival and (Chang brewer) ThaiBev for control of APB, owner of the Tiger, Anchor and Bintang brands.
The latter raised its stake in FN to 29% on August 28, just below the threshold l