Heineken Brews Up $4B Deal To Control Asian Beermaker

Law360, New York (July 20, 2012, 6:02 PM EDT) -- Facing pressure from an encroaching Thai rival, Heineken NV doubled down on its position in Asia’s emerging markets Friday, launching a bid valued at 5.1 billion Singapore dollars (US$4.1 billion) for its business partner’s stake in Asia Pacific Breweries Ltd.

The SG$50 per share offer represents a premium of about 45 percent on the Singapore-based beverage company’s one-month adjusted trading record, accord to a statement from the Dutch beer giant. APB stock closed out the week of trading in Singapore at SG$42 per share.

The offer...
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