Asia Pacific Breweries’ shares skyrocket after Heineken bid announcement
Shares of Asia Pacific Breweries (APB), the maker of Tiger beer, have risen after Heineken made a bid to buy the remaining stake in the firm it does not already own. Its shares rose as much as 17% to 49 Singapore dollars on the Singapore Exchange.
Heineken made a multi-billion dollar bid for the joint venture last week.
via BBC News.
