ThaiBev Partner Mulls F&N Buyout As Heineken Bid Looms

Law360, New York (September 11, 2012, 11:47 AM EDT) -- Thai Beverage PCL is involved in a push to take over Singapore beverage company Fraser & Neave Ltd., it confirmed Tuesday, a move that could further affect Heineken NV’s troubled SG$7.9 billion ($6.4 billion) bid for F&N’s brewery unit.

Answering local media reports that it was seeking financing for a full F&N buyout, ThaiBev’s board said in a statement that it “understands that a party acting in concert with the company is exploring the possibility of making an offer for F&N.”

The statement did not identify...
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