In case you've missed it, here's the timeline of the F&N takeover tale

OUE's current offer stands at $9.08.

According to Nomura, the OUE-led consortium has released its formal conditional general offer document and has set a deadline of 3 Jan for shareholders to accept its offer of SGD9.08 to take over F&N.

In the meantime, TCC’s lower offer of SGD8.88 is due to expire on Dec 11. We expect TCC to respond with a higher offer.

IRR analysis suggests that OUE may pay up to SGD9.88 to win control. Based on a scenario of OUE divesting the non-property assets and the consortium keeping a minimum IRR of 25%, we believe that the OUE-led consortium may be prepared to bid up to SGD9.88 per share for F&N.

F&B assets may see competing bids if OUE is successful in takeover. There could be alternative bidders for F&N’s food and beverage businesses should OUE be successful in the takeover of F&N. Kirin will, however, be compensated should there be a successful alternative offer, in our view.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia