DB Breweries in play with Singapore bid

Fri, 20 Jul 2012

By Jonathan Underhill July 20 (BusinessDesk) - Export Gold brewer Dominion Breweries' is caught up in a bidding war involving Asia Pacific Breweries, its Singapore-based parent company, after Heineken bid $5.1 billion for control with an offer to buy all of the shares held by partner Fraser and Neave for S$5.1 billion. That trumps a S$3 billion offer from Thai billionaire Charoen Sirivadhanabhakdi. Shares of Asia Pacific are halted, having last changed hands at S$42, which values the entire company at S$9.8 billion. Fraser & Neave owns 40 p...

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