Fraser & Neave, Asia Pacific Breweries have shares suspended from trading following reports that Fraser looking for better offer for its stake in APB than US$4.1B offered by Heineken
August 2, 2012
(Industry Intelligence Inc.)
– Asia Pacific Breweries (APB) and Fraser & Neave Ltd. both had their shares suspended from trading following reports that Fraser is looking for a better offer for its stake in APB than the US$4.1 billion offered by partner Heineken N.V., Reuters reported Aug. 1.
Besides the $4.1 billion offer, Heineken would then have to offer another $2 billion in a public tender for minority stakes in APB.
Meanwhile, other says say that the Coca-Cola Co. is exploring a bid for Fraser’s beverage unit.
The primary source of this article is Reuters, London, England, on Aug. 1, 2012