HONG KONG: Heineken's sweetened offer of US$6.35bil to take control of the maker of Tiger Beer throws the spotlight back onto the Thai suitor that launched the beer battle last month.
Heineken's S$53 per share offer to take control of Asia Pacific Breweries (APB) gained the approval of Singapore conglomerate Fraser & Neave's (F&N) board last week. Thai Beverage, F&N's biggest shareholder, may still challenge the safeguards that the Dutch brewer has secured to win the takeover war.
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