Fraser & Neave

Battle over Fraser & Neave prolonged as consortium extends offer deadline

Battle over Fraser & Neave prolonged as consortium extends offer deadline

A group led by Overseas Union Enterprise extended a deadline for a S$13.1 billion (HK$83.16 billion) bid for Fraser & Neave, prolonging its battle with a Thai billionaire for control of the Singapore conglomerate.

Friday, 4 January, 2013, 2:48am

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Thai billionaire extends offer for F&N deadline

A US$7.3 billion offer for Singapore-based Fraser & Neave by Thai businessman Charoen Sirivadhanabhakdi has been extended until January 2, one day before a rival -- and higher bid -- by Overseas Union Enterprise is due to expire. Photo: Reuters

Thai billionaire Charoen Sirivadhanabhakdi extended a deadline for a US$7.3 billion offer for Fraser & Neave to a day before a higher bid from a group led by Overseas Union Enterprise is due to close.

11 Dec 2012 - 10:36am