$4.4B Heineken Bid Wins F&N Brewer, Ends Duel With Thai Co.

Law360, New York (September 28, 2012, 12:41 PM EDT) -- With its SG$5.4 billion (US$4.4 billion) offer, Heineken NV has won full control over the beermaking branch of Fraser & Neave Ltd., the Dutch beverage company said Friday, ending a long-running battle between Heineken and affiliates of Thai billionaire Charoen Sirivadhanabhakdi over the brewery unit.

Fraser & Neave shareholders, led by Thai Beverage PCL owner Sirivadhanabhakdi and his associates, on Friday voted in favor on the Dutch beer giant's offer for Asia Pacific Breweries Ltd. The move came after the Thai billionaire built up his stake...
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