The future of Fraser&Neave has become the subject of speculation in recent days,with the Singapore-based food and drink group the centre of takeover talk.
Heineken today(27 July)extended the deadline for Fraser&Neave to consider the Dutch brewer's bid to buy out the company in their Asia Pacific Breweries joint venture.
The brewing giant made an offer for Fraser&Neave's shares of Tiger beer maker APB last week after Thai brewer ThaiBev bought a stake in the Singapore firm.
Meanwhile,Heineken's initial move has reportedly prompted Japanese food and drink company Kirin Holdings to consider a bid for Fraser&Neave's dairy and soft drink assets.
Kirin already owns a 15%stake in Fraser&Neave.
Source:
http://www.just-food.com/news/fraser-neave-future-uncertain-amid-deal-talk_id119967.aspx
