date:Sep 20, 2012
n perhaps sees more value in the break-up of FN, which has seen its share price rise above the S$8.88 offer price.
Harper added that Charoen could offer Japanese rival Kirin a sweetener to support his FN bid at the September 28 EGM.
So it could be a win-win for everyone involved. Heineken gets its prized asset APB and the Thais get a good price that will help fund their FN takeover, he wrote.
Shareholders also would unlock the true value of FN via its break up (and a possible rival bids from