Warrants fail to add fizz to FN

ALTHOUGH Fraser & Neave Holdings Bhd (F&N) is a household name as a producer of food and beverage (F&B), including fizzy drinks, investors who have been holding on to its shares from the time it was known as Malaya Glass Bhd are probably feeling a lot less effervescent. 

Despite three series of warrants, the opportunity to exercise them was never really there as the warrants were out of the money for the greater part of their validity tenure.