This story has become like watching the Olympic ping-pong matches….You can back track here (ping, pong, ping)…and now comes word that Heineken has raised it’s bid by $3 per share from $50 to $53 bumping their previous $6 billion bid even higher. This from Reuters:
SINGAPORE/AMSTERDAM, Aug 17 (Reuters) - Heineken NV has raised its offer of more than $6 billion for Fraser and Neave's (F&N) stake in the maker of Tiger beer as it tries to fend off a Thai rival, a source close to the situation said on Friday.
The Dutch brewer's revised offer for Asia Pacific Breweries (APB) of 53 Singapore dollars per share compares to its earlier bid of S$50 and a partial offer by the Thai billionaire's group of S$55 per APB share.
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