SINGAPORE: Heineken NV is negotiating with Fraser and Neave (F&N) about raising its US$6bil bid for full control of the maker of Tiger Beer and breweries in 14 countries as it fights against a Thai billionaire for its future in Asia.
A revised offer for Asia Pacific Breweries (APB) by Heineken, the world's third largest brewer, could be up to 10% higher than its earlier bid and may be conditional on F&N not accepting a partial Thai bid, sources with direct knowledge of the talks told Reuters.
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