17 Aug '12, 10am

Heineken may raise US$6b bid for Tiger brewer, say sources: SINGAPORE, Aug 17 — Heineken NV is negotiating with

Heineken may raise US$6b bid for Tiger brewer, say sources: SINGAPORE, Aug 17 — Heineken NV is negotiating with

SINGAPORE, Aug 17 — Heineken NV is negotiating with Singapore’s Fraser and Neave (F&N) about raising its US$6 billion (RM18 billion) 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 per cent 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. “It is definitely a higher price,” said one of the sources, declining to be identified because the talks are confidential. Two sources said the Dutch brewer, which has said its full bid would give greater value to all APB shareholders, may simply match a partial offer by the Thai group of S$55 per APB share. An F&N spokeswoman declined ...

Full article: http://www.themalaysianinsider.com/business/article/heine...

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