- The Japanese company's move came as OUE announced its plan to launch a bid for the Singaporean beverage and real estate giant to counter a tender offer from Thai Beverage Plc. Kirin currently holds a stake of about 15% in F&N.
- OUE will offer 9.08 Singapore dollars per F&N share, or about 590 yen. Under the plan, Kirin will sell off its holdings in F&N to OUE for about 125 billion yen. If OUE's bid is successful, Kirin would purchase F&N's beverage business segment from OUE for about 175 billion yen. So the Japanese firm would pay the difference of some 50 billion yen to OUE.
Full article: http://e.nikkei.com/e/fr/tnks/Nni20121116D1511A21.htm
15 Nov 2012 - 18:10 - Equities - Source: Nikkei
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