Pursuits
Thai Billionaire Extends F&N Offer Deadline After OUE Bid
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Thai billionaire Charoen Sirivadhanabhakdi extended a deadline for a $7.3 billion offer to gain control of Singapore’s Fraser & Neave Ltd. after a group led by Overseas Union Enterprise Ltd. topped the bid last week.
The closing date for the S$8.88 offer for the property and beverages conglomerate by Charoen’s TCC Assets Ltd., which was to end yesterday, will be extended for a third time to Dec. 11 at 5:30 p.m. Singapore time. The OUE-led group trumped his bid with a S$9.08 offer on Nov. 15. F&N dropped 0.3 percent to close at S$9.39.