date:Jan 04, 2013
r maker Asia Pacific Breweries, to Dutch giant Heineken, which beat a rival proposal from Charoen.
TCC Assets made a Sg$8.7 billion ($7.12 billion), or Sg$8.88 a share, bid in September for the FN shares it does not yet own, but was stymied by property firm Overseas Union Enterprise (OUE), controlled by Indonesia's Lippo Group.
Lippo's founder is Indonesian tycoon Mochtar Riady, and his son Stephen is OUE's executive chairman.
OUE countered TCC's offer in mid-November by putting Sg$13.1 billi