18 Aug '12, 1pm

Heineken Raises Bid for Singapore's Asia Pacific Breweries

--Heineken now offering S$53 a share vs S$50 a share earlier --F&N Chairman says to Heineken will better maximize overall returns --Heineken says F&N board won't accept or solicit any other offers for APB (Adds comments from F&N chairman in sixth paragraph, and comment from Kirin spokesman in 13th paragraph) SINGAPORE--Heineken NV (HINKY, HEIA.AE) has raised its offer to buy the entire stake of its joint-venture partner Fraser & Neave Ltd. (F99.SG) in Asia Pacific Breweries Ltd. (A46.SG) in a move to fend off rival bidders and gain control of one of Asia's most profitable beer businesses.

Full article: http://online.wsj.com/article/BT-CO-20120818-700058.html

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