/ / / Heineken Wins Bid For Tiger Beer Maker ($4.5 Billion)

Heineken Wins Bid For Tiger Beer Maker ($4.5 Billion)

8/19/2012 10:17:00 AM ,

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It looks like a deal has finally been made for Heineken to take control of Tiger Beer parent company Fraser & Neave.  The deal is still pending stockholder approval but here are the details from the BBC:

Heineken has agreed to buy Fraser and Neave's controlling stake in the maker of Tiger beer in a deal worth 5.6bn Singapore dollars (US$4.5bn, £2.8bn). 

Heineken had raised its bid, from 50, to 53 Singapore dollars per share.

On Saturday, Singapore-based Fraser and Neave confirmed it had accepted an improved offer from the Dutch brewer for its 40% stake in Asia Pacific Investment Pte Ltd (APIPL).

Fraser and Neave shareholders still need to approve the deal in a vote.

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