date:Jan 04, 2013
on ($10.7 billion) on the table, translating to Sg$9.08 a share.
That offer is backed by Japanese brewer Kirin Holdings, which holds about 14.8 percent of FN and is interested in its food and beverage business, with the property interests of FN going to OUE if the bid succeeds.
TCC was then allowed to make a fresh offer and has since been granted two extensions to the proposal deadline, the latest one expiring on January 2.
As of December 19, Charoen already owned approximately a third of FN