date:Sep 21, 2012
s closed on Tuesday at S$8.97.
The TCC offer, backed by loans from Singapore banks DBS Group Holdings Ltd and United Overseas Bank Ltd , will not be formally presented to shareholders for another couple of weeks.
The divestment of its brewing assets and the offer from the Thais could force a full break-up of Fraser and Neave.
The Thais recently bought out Pepsi's bottling business in Thailand and Charoen already has substantial property investments in Singapore.
FN's property portfolio, wor