date:Jan 04, 2013
The deadline for a Thai billionaire to make an improved bid for Singapore conglomerate Fraser and Neave (FN) was due to expire Wednesday, with an Indonesian rival waiting in the wings.
TCC Assets, controlled by Thai drinks tycoon Charoen Sirivadhanabhakdi, has until 5:30 pm (0930 GMT) on Wednesday to make a new offer for FN, a diversified group with food and beverage, property and publishing operations.
FN became a takeover target in September after selling off its most prized asset, Tiger Bee