Round-Up - Heineken lines up Asia Pacific Breweries takeover
Heineken's battle for full control of Asia Pacific Breweries looks set to run until the end of September. Here's a round-up of just-drinks' coverage of the story.
ThaiBev, along with its partner TCC Assets, has confirmed it will make a cash offer of around SGD9bn (US$7.2bn) for Singapore conglomerate Fraser & Neave (F&N).
Go on, then: Who's going to be brave enough to predict how Heineken's battle for control of Asia Pacific Breweries is going to pan out?
Heineken would be "too stretched " to make a counter bid for Fraser & Neave alone and could seek a partner with property interests, according to an analyst.
Heineken's stake in Asia Pacific Breweries (APB) has edged up after it acquired an extra 55,000 shares in the Tiger brewer.
ThaiBev has said it is working with another group to explore the possibility of making an offer for Fraser & Neave.
Fraser & Neave has set a date for a shareholder vote on Heineken's offer for its stake in their brewing joint venture, Asia Pacific Breweries.
ThaiBev has upped its stake in Fraser & Neave to 29%, just below the level that would trigger a mandatory offer for the entire Singapore conglomerate.
Fraser & Neave has said its plans to distribute around SGD4bn (US$3.19bn) to shareholders if the sale of its stake in Asia Pacific Breweries goes through.
Heineken has raised its direct stake in Asia Pacific Breweries (APB) to 13.16%, the brewer has announced.
Heineken has raised its direct stake in Asia Pacific Breweries (APB) to 12.18% in the hope of seeing off any challenge for full control of the Tiger beer producer.
Heineken's increased offer to Fraser & Neave for its total stake in Asia Pacific Breweries should be a "knock-out blow" in the battle for the Tiger brewer, according to an analyst.
Heineken has submitted a "final offer" to Fraser & Neave for its stake in Asia Pacific Breweries in a bid to take full control of the Tiger brewer.
Fraser & Neave (F&N) is being given an extra week to consider an offer from Kindest Place Groups, a company linked to ThaiBev, to buy its direct stake in Asia Pacific Breweries (APB).
ThaiBev has upped its stake in Singapore conglomerate Fraser & Neave to 26.2%, according to a regulatory filing.
For us journalists, it's the gift that keeps on giving. For the management of Heineken, it must seem like a recurring headache.
Heineken has moved to stifle talk of a bidding war for Asia Pacific Breweries (APB) by claiming a separate bid for a stake in the Tiger brewer announced this week is "not comparable" to its offer.
Heineken could be on the brink of a bidding war for Asia Pacific Breweries after its partner, Fraser & Neave, received a counter offer for its direct stake in the JV.
There will be a lot of relieved beers being downed in Amsterdam tonight. And, while the folk at Heineken will be keen to hedge their bar spend, they'll still want to celebrate today's news.
Heineken has received approval from Fraser & Neave to secure full control of Asia Pacific Breweries from its longstanding partner.
The president of Kirin Holdings has said the firm is only interested in the food and soft drinks operations of Fraser & Neave, not its Asia Pacific Breweries JV, according to reports.
The Coca-Cola Co is considering making a bid for Fraser & Neave's (F&N) soft drinks and dairy unit, according to reports.
ThaiBev has been granted a waiver from getting shareholders' approval to complete its purchase of a 22% stake in Fraser & Neave.
Heineken has secured a EUR1.75bn (US$2.15bn) cash injection through the placement of two sets of notes on the Luxembourg Stock Exchange.
Heineken has agreed to give Fraser & Neave (F&N) an extra week to consider its SGD5.1bn (US$4.07bn) offer to take full control of Asia Pacific Breweries (APB).
Kirin Holdings is considering launching its own bid for Asia Pacific Breweries (APB), according to reports.
Fraser & Neave (F&N) has said it is "considering" an offer from Heineken for its 50% stake in Asia Pacific Breweries, but there is "no certainty" a deal will be done.
Heineken has made a bid to take full control of Asia Pacific Breweries by offering to buy its joint venture partner Fraser and Neave's stake for SGD5.1bn (US$4.07bn).
ThaiBev has agreed to buy a 22% stake in Singapore conglomerate Fraser and Neave (F&N) for SGD2.78bn (US$2.21bn), the company has announced.
Few thrive on uncertainty, particularly businesses. Dutch brewer Heineken must be feeling that pressure currently, as negotiations take place over a deal involving its joint venture, Asia Pacific Breweries (APB).
ThaiBev, the sister company of TCC Group, has confirmed it is in talks to acquire a stake in Fraser and Neave and its subsidiary, Asia Pacific Breweries.
Asia Pacific Breweries (APB), the joint venture between Heineken and Fraser and Neave, could face being broken up if another brewer gains a stake, an analyst has warned.
A mystery bidder has made an offer to buy Oversea-Chinese Banking Corps (OCBC) and Great Eastern Holdings' (GEH) combined stake in Fraser and Neave and Asia Pacific Breweries.
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