date:Sep 20, 2012
Heineken has taken a giant leap forwards in its bid to take full control of Asia Pacific Breweries (APB), after rival ThaiBev and its concert parties said today they would support the Dutch firms offer.
In return Heineken has committed not to make a general offer for the shares of major APB shareholder Fraser Neave (FN), according to a joint statement issued with ThaiBev and its ally.
With ThaiBevs support for its S$53/share offer for FNs 39.7% stake in APB and board level approval from FN f