Fraser & Neave (F & N)

[KopiKat]

Will OCBC and GE management watch this latest development with red face? That they had sold their APB holdings at $45 while the lastest offer is $50?

Wtih Kirin holding 14.7% and ThaiBrev holding 22%, at least 36.% will probably vote not in favour of Heinken's offer.

They shouldnt (watch with red face). Most probably, the 50dollar offer would NOT have been bought onto the table, if not for OCBC/GE selling their F&N/APB stake in the first place.

Actually, APB has long been touted as a potential takeover target (it has the classic characteristics of 2 major shareholders, stable growing biz in emerging economies etc..) but no one really knew when. Even when Kirin bought their F&N stake from Temasek, there was no action. This soap drama would indeed be a nice lesson to learnt for all those watching on the sidelines.

I was very disappointed when they did that. When F&N placed out new shares to Temasek back then, I imagined that they were acquiring a strategic interest to fend off any potential takeover. But, for a quick profit, I don't see any sense of national pride or patroitism in them (maybe too many non-Singaporean decision makers there), even when we are looking at 100-yr brands... same thing last time for Raffles Hotel via Capitaland.. And the govt wonders why our citizens are becoming like them...only money talks...

Look at Khanazah. From Pantai to IHH. If I were a Malaysian, I'd be very proud... even tho' it's likely related to elections... even tho' the Turkey assets looks toxic... Still something to be proud of..