F&N Investors Get More Time To Mull $7.3B Buyout Offer

Law360, New York (January 10, 2013, 1:37 PM EST) -- A Thai billionaire on Thursday again extended the deadline for shareholders in Singaporean conglomerate Fraser & Neave Ltd. to voice support for his SG$8.9 billion ($7.3 billion) buyout bid, threatened by an Indonesian real estate developer who swooped in last fall with a higher offer.

On the revised timetable, the offer made by entities controlled by Thai Beverage PCL owner Charoen Sirivadhanabhakdi will be open for investor approval until 5:30 p.m. on Jan. 15, according to a regulatory filing. The offer had been previously set to...
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