Thai group’s 11th hour offer could best Heineken in bid for Asia Pacific Breweries stake
Heineken’s S$6 billion ($4.1 billion) bid to take full control of Tiger Beer maker, Asia Pacific Breweries, faces a challenge from a group led by Thai billionaire Charoen Sirivadhanabhakdi, which has put in a higher bid to increase its stake in APB.
Fraser and Neave (owners of the APB stake) shareholders have not yet approved last week’s Heineken bid so the door is still open.
via Yahoo! Finance.
Breweries: Heineken
