date:Jan 04, 2013
through TCC Assets and ThaiBev, which he also chairs.
While the deadline moved closer with no word from the Thai billionaire, analysts said that even if TCC Assets does not improve on OUE's offer, OUE may not automatically win control of FN.
In a shareholder note issued in December, the FN board called OUE's bid not compelling though fair, adding that it fell at the lower end of a valuation of Sg$12.35 billion to Sg$16.65 billion made by FN's adviser JP Morgan Chase.
Jason Hughes, head of pre