date:Sep 07, 2012
to immediately realize the value of our interests in APB and APIPL and maximizes overall returns for FN shareholders, he said.
Attractive premium from Heineken offer
FNs board believed Heinekens improved offer represented an attractive premium to historical trading prices and valuation multiples of comparable companies.
If, as expected, shareholders ratify Heinekens offer, they could be rewarded with a cash distribution of around S$4bn drawn from proceeds of the deal, by way of a capital red