date:Sep 14, 2012
The Thai brewer is bidding to take over FN in a S$8.88/share cash offer through related company TCC Assets, and said today that, together with its allied companies, had upped its holding in the Singapore-based firm to 30.36%.
Crossing the 30% threshold obliges ThaiBev/TTC to launch a mandatory offer for FNs outstanding shares, a move made today that risks upsetting Heinekens move for the firms prized beer business, Tiger brandowner Asia Pacific Breweries (APB).
Heineken today noted ThaiBevs an