Heineken's $4.1B Buyout Of Asian Brewery Stake Wins OK

Law360, New York (August 3, 2012, 3:28 PM EDT) -- Fraser & Neave Ltd. gave Heineken NV the green light Friday to purchase its stake in their Singapore-based joint venture Asia Pacific Breweries Ltd. for 5.1 billion Singapore dollars (US$4.1 billion), according to Heineken.

The Dutch beer company initiated the SG$50 per share offer on July 20, valuing APB at a premium of about 45 percent on its one-month adjusted trading record in a deal that highlights global beverage companies' push to consolidate and expand in emerging markets.

After a one-week extension at the request of F&N, which...
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