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ThaiBev, Charoen one-up Heineken for Fraser and Neave with $7.3 billion bid

Thai billionaire Charoen Sirivadhanabhakdi made a S$9 billion ($7.3 billion) bid for the 70 percent of Fraser & Neave Ltd. (FNN) he does not control, potentially blocking Heineken NV (HEIA) from buying the company’s beer unit.

In a statement, Heineken said, “HEINEKEN has noted ThaiBev’s latest announcement. The company will review the content carefully and has no further comment to make at this time. HEINEKEN will make a further announcement if and when appropriate.”

More >> Businessweek.



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