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Thai Beverage Plc

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After all, it seems that the long battle for Fraser & Neave Ltd. is over. Apparently, a group led by Overseas Union Enterprise Ltd. decided to withdraw from the race as it did not increase its bid to match Thai billionaire Charoen Sirivadhanabhakdiโ€™s offer of $11.2 billion for the Singapore-listed property and beverage company. Thailandโ€™s third richest man needs only to gain the shareholdersโ€™ and regulatory approvals for his bid of S$9.55 per share for Fraser & Neave Ltd.

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Thai Beverage Plc accepted an Heineken N.V.โ€™s $4.5 billion offer to acquire Fraser & Neave Ltdโ€™s 39.7 percent stake in Asia Pacific Breweries Ltd. Till the day of Thai Beverage Plcโ€™s acceptance, its owner, Charoen Sirivadhanabhakdi was the main opponent of the Heineken N.V.โ€™s offer.

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