Singapore regulator rejects Fraser and Neave request for higher Thai offer

Singapore’s takeover regulator rejected a request by Fraser and Neave Ltd (F&N) seeking a higher offer from a company linked to Thailand’s third-richest man for all the shares of the drinks-and-property conglomerate.

Thai billionaire Charoen Sirivadhanabhakdi, through TCC Assets Ltd, launched a US$7.2 billion offer this month to buy out other shareholders of F&N at a price of S$8.88 a share.

via Business feed http://www.scmp.com/business/companies/article/1045981/singapore-regulator-rejects-fraser-and-neave-request-higher-thai