F&N advisers call new offer 'fair'

We’re talking about $14b.

IG Markets Singapore said:

Thai tycoon Charoen seems to have won his protruded fight for Fraser & Neave, though he was forced to dig deeper into his bulging pockets with a $9.55-a-share offer.

The improved bid looks likely to be accepted by the F&N board, after its advisers called the new offer ‘fair’. With a cool $14 billion changing hands for the control of F&N it looks set to pave the way for further M&A activity in the Asian drinks sector.

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