date:Aug 21, 2012
Improved bid
Heineken intends to fund the proposed transaction and MGO though available cash of approximately 2bn following a recent 1.75bn bond issue, a 2bn credit facility and a new bridge commitment arranged by Credit Suisse and Citi who are acting as financial advisers to Heineken throughout the proposed transaction.
For the past couple of weeks, it had appeared that Heineken was on the back foot after Thailand-based Kindest Place Group Limited (KPG) trumped its offer with an improved c