Delay in F&N bid tagged as 'unreasonable'

Analyst says F&N shareholders are running out of patience.

IG Markets Singapore commented:

Another day, another meaningless Fraser & Neave deadline. It’s Thai tycoon Charoen’s turn today as his extended deadline expires today. With little action in the way of fresh bids, F&N shareholders are running out of patience.

The delay could be described as “unreasonable and not fair” on shareholders as OUE and TCC continue their phoney war for the soft drinks and property conglomerate.

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