Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid...

Shareholders get $3.2 bln if Heineken offer is approved

news.yahoo.com 25 Aug '12, 4am

Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid...

Singapore conglomerate Fraser and Neave (F&N) said Friday it plans to distribute Sg$4.0 billion ($3.2 billion) to shareholders if an offer by Dutch firm Heineken to buy its stake in a brewery is approved. F&N shareholders are due to vote at an extraordinary general meeting (EGM) on whether they are in favour of Heineken's revised Sg$5.6 billion offer for F&N's stake in Asia Pacific Breweries (APB), the maker of Tiger Beer. A date for the EGM has yet to be set. Heineken already owns 42 percent of APB and is seeking full control of the brewery by buying over long-time partner F&N's direct and indirect stake of 40 percent as it moves to expand in the fast-growing Asian beer market. The Amsterdam-based Dutch beer giant said last week it had inked a definitive agreement with F&N's board to "irrevocably recommend" the proposed deal to shareholders. In a statement issued late Fri...

Full article: http://news.yahoo.com/shareholders-3-2-bln-heineken-offer...

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@torodoto » 25 Aug '12, 5pm
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (FN) said Frida... [link]
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► Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Fr... [link]
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Shareholders get $3.2 bln if Heineken offer is approved - Singapore conglomerate Fraser and Neave (F&N) said Fri... [link]
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Robert Paisola News Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomer... [link] World News Zone
@phoyin_martins » 25 Aug '12, 4am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid... [link]
@wickupto » 26 Aug '12, 1am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (FN) said Frida... [link]
@foly_boobs » 25 Aug '12, 5am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid... [link]
@bodekom92 » 25 Aug '12, 5am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid... [link]
@sukaeRTe » 25 Aug '12, 5am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid... [link]
@SainiSarkar1 » 25 Aug '12, 5am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid... [link]
@jonkbrent » 25 Aug '12, 5am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid... [link]
@bennysqurt » 25 Aug '12, 4am
Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid... [link]

Shareholders get $3.2 bln if Heineken offer is approved

Shareholders get $3.2 bln if Heineken offer is approved: Singapore conglomerate Fraser and Neave (F&N) said Frid...

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