F & N    Last:1.22    -0.01

F&N

If TB offer is unsuccessful,  then F& N shareholders can still wait to collect the dividends from APB sale. Normal dividends only needs at least 50% voting.

  Most analysts already stated that F& N is worth more than $8.88. Doubt TB will stop at only 1 bid since they have plans for a long time to takeover F& N according to news. Shall wait and see..........

tonylim      ( Date: 02-Oct-2012 16:19) Posted: What would happen to F & N share price if the takeover is not successful?  How much would it fall? bluechip138      ( Date: 02-Oct-2012 10:22) Posted: F & N has gone back up to $8.92 while TB is stagnant at $0.395. It will be tough takeover battle ahead for TB.....

 

What would happen to F & N share price if the takeover is not successful?  How much would it fall?

bluechip138      ( Date: 02-Oct-2012 10:22) Posted: F & N has gone back up to $8.92 while TB is stagnant at $0.395. It will be tough takeover battle ahead for TB.....

 

F & N has gone back up to $8.92 while TB is stagnant at $0.395. It will be tough takeover battle ahead for TB.....

 

Indeed there is a possibility that Kirin will be paid a premium for the share they hold.

Or they may remain just hold on to their share.......& just sit by the side to see their investment yield (with not much interference). 

How much more..top up required from the Thai is very subjective also. Rem sometime, company are took over with lower valuation....

WHY company eat other company at current economy situation? BC current situation, things can be purchased at bargain price if correct strategy move is made. 

Continue to experience the feeling of being able to be offer at high price..... It must be making u feeling excited .....

Is human nature to ask for more. Let witness how the whole saga closed......Cheerio to all & good luck to all.

 

 

phil1314      ( Date: 30-Sep-2012 01:50) Posted: The Thai group has profitted from this saga thus far. They would continue to accumulate to ensure control over F&N as the cash hoard of $5.6 billion from sale of APB should be their primary target and not asset stripping. F&N is keen for an early dividend payout as it is now prime takeover target with $5.6billion which is a substantial war chest. A surprise sale deal with Kirin by a rival group cannot be ruled out as control for $5.6 billion is too attractive. Moreover at current price F&N is undervalued. Just ask a question : what good is F&N to Kirin if the former is not in the beer business? Exit at a higher price to another rival group bid is logical. shadowmoon      ( Date: 30-Sep-2012 00:15) Posted: Will be interesting if F&N will be privatised after being purchased by THBev n TCC asset. That may means F&N assets will be split between the 2... If that the case, both company will be strengthen in term of share valuation also... Let see how things move next weeks. Cheerio

 

The Thai group has profitted from this saga thus far. They would continue to accumulate to ensure control over F&N as the cash hoard of $5.6 billion from sale of APB should be their primary target and not asset stripping.

F&N is keen for an early dividend payout as it is now prime takeover target with $5.6billion which is a substantial war chest.

A surprise sale deal with Kirin by a rival group cannot be ruled out as control for $5.6 billion is too attractive.

Moreover at current price F&N is undervalued.

Just ask a question : what good is F&N to Kirin if the former is not in the beer business? Exit at a higher price to another rival group bid is logical.

shadowmoon      ( Date: 30-Sep-2012 00:15) Posted: Will be interesting if F&N will be privatised after being purchased by THBev n TCC asset. That may means F&N assets will be split between the 2... If that the case, both company will be strengthen in term of share valuation also... Let see how things move next weeks. Cheerio

 

Will be interesting if F&N will be privatised after being purchased by THBev n TCC asset.

That may means F&N assets will be split between the 2...

If that the case, both company will be strengthen in term of share valuation also...

Let see how things move next weeks.
Cheerio

 

sanuks      ( Date: 28-Sep-2012 14:56) Posted: F& N says Kirin has shown no intention to sell stake Written by Reuters     Friday, 28 September 2012 12:28 Japan’s Kirin Holdings Co has not indicated any intention to sell its nearly 15% stake in Singapore’s Fraser and Neave, F& N’s financial controller Hui Choon Kit said on Friday. Sources with direct knowledge of the matter told Reuters on Friday the Japanese brewer, the second-biggest shareholder in the drinks and property group, was exploring several options, including selling its F& N stake to Thai Beverage or another potential buyer at a higher price. Kirin had said previously it was interested in F& N’s food and non-alcoholic drinks business. Shareholders of F& N voted in favour of selling its beer business, Asia Pacific Breweries, to Heineken NV in a US$6.3 billion ($7.7 billion) deal.

 

F& N says Kirin has shown no intention to sell stake

Written by Reuters

Friday, 28 September 2012 12:28

Japan’s Kirin Holdings Co has not indicated any intention to sell its nearly 15% stake in Singapore’s Fraser and Neave, F& N’s financial controller Hui Choon Kit said on Friday. Sources with direct knowledge of the matter told Reuters on Friday the Japanese brewer, the second-biggest shareholder in the drinks and property group, was exploring several options, including selling its F& N stake to Thai Beverage or another potential buyer at a higher price. Kirin had said previously it was interested in F& N’s food and non-alcoholic drinks business. Shareholders of F& N voted in favour of selling its beer business, Asia Pacific Breweries, to Heineken NV in a US$6.3 billion ($7.7 billion) deal.

 

If i am not wrong, this news is a bit not up to date. 

The latest is, Kirin is still considering selling the stake in F& N to ThaiBev. 

infancybird      ( Date: 28-Sep-2012 14:50) Posted: Latest from Bloomberg this afternoon Kirin’s Investment Japanese brewer Kirin Holdings Co. (2503), which owns 15 percent of F& N, will sell its stake in F& N for about 120 billion yen ($1.55 billion), Nikkei said today. Jun Sato, a spokesman for the Japanese brewer, said the company wasn’t the source of the report. Kirin plans to sell its entire stake in F& N, probably to Thai Beverage, Nikkei reported without saying where it obtained the information. Kirin will use the proceeds of about 30 billion yen for acquisitions in emerging markets, Nikkei said. “It would be good for them as they could use the money to rebuild their Australian and Brazilian businesses,” said Mikihiko Yamato, deputy head of research for JI Asia in Tokyo. Kirin shares rose 0.2 percent to 1,041 yen as of 2.39 p.m. in Tokyo.

 

Latest from Bloomberg this afternoon

Kirin’s Investment

Japanese brewer Kirin Holdings Co. (2503), which owns 15 percent of F& N, will sell its stake in F& N for about 120 billion yen ($1.55 billion), Nikkei said today. Jun Sato, a spokesman for the Japanese brewer, said the company wasn’t the source of the report.

Kirin plans to sell its entire stake in F& N, probably to Thai Beverage, Nikkei reported without saying where it obtained the information. Kirin will use the proceeds of about 30 billion yen for acquisitions in emerging markets, Nikkei said.

“It would be good for them as they could use the money to rebuild their Australian and Brazilian businesses,” said Mikihiko Yamato, deputy head of research for JI Asia in Tokyo.

Kirin shares rose 0.2 percent to 1,041 yen as of 2.39 p.m. in Tokyo.

 

http://sgxinfo.blogspot.sg/2012/09/thaibev-tcc-assets-to-vote-against-f.html

 

SINGAPORE - Fraser & Neave said on Tuesday it appointed Goldman Sachs and JPMorgan as its advisers on a Thai billionaire's S$8.8 billion offer to take control of the Singapore conglomerate, Dow Jones news agency reported.

Goldman Sachs will act as financial adviser to F& N's board while JP Morgan will serve as the independent financial adviser to F& N's independent directors, the Singapore-based firm said in a statement.

The Thai tycoon, Mr Charoen Sirivadhanabhakdi, moved in on F& N earlier this month, using his TCC Assets vehicle to make the offer that values F& N at S$12.5 billion. Mr Sirivadhanabhakdi already owns 28.9 per cent of F& N through his Singapore-listed Thai Beverage but his unlisted special purpose vehicle, TCC Assets, is offering to buy out the rest at a small premium.

Also on Tuesday, Dutch brewer Heineken said it had completed its purchase of the 8.6 per cent stake in Asia Pacific Breweries (APB) held by Kindest Place Group, Reuters reported. Heineken, the world's third-largest brewer, has bid S$53 per share to buy the holdings in Tiger beer maker APB that it does not already own.

It took a major step towards that aim last week when Mr Sirivadhanabhakdi's Thai Beverage and TCC Assets said they would vote in favour of the sale of F& N's stake in APB. Kindest Place is owned by Mr Sirivadhanabhakdi's son-in-law.

 

I think we should turn our eyes on F& N Bhd

 

This stock always halt. One wrong move will wipe one out

 

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.

F& N’s board had said it will pay out S$4 billion (US$3.3 billion) to shareholders following the takeover through a capital reduction. F& N plans to cancel one for every three shares held by all shareholders and pay out S$8.50 for each cancelled share.

As such, F& N sought a ruling from Singapore’s Securities Industry Council on whether the Thais were required to raise their offer price of S$8.88 per share to make up for the 38-Singapore-cent difference on the cancelled share.

The regulator ruled on Friday that the Thais did not have to raise the offer price, F& N said in a statement on Monday.

F& N noted TCC had said, in its takeover offer, that it reserved the right to reduce its offer price if F& N returned more money to shareholders via a further capital reduction or a dividend.

The Thais launched the takeover bid for F& N on Sept. 13, ahead of a key F& N shareholder meeting on September. 28 to vote whether the Singapore group should sell its 40 percent stake in Asia Pacific Breweries Ltd (APB) to Heineken NV. Last week, Charoen’s Thai Beverage and TCC, collectively F& N’s biggest shareholder, said they would vote in favour of the sale to Heineken

 

REQUEST FOR LIFTING OF TRADING HALT

* Asterisks denote mandatory information   Name of Announcer * FRASER AND NEAVE, LIMITED   Company Registration No. 189800001R   Announcement submitted on behalf of FRASER AND NEAVE, LIMITED   Announcement is submitted with respect to * FRASER AND NEAVE, LIMITED   Announcement is submitted by * Anthony Cheong Fook Seng   Designation * Group Company Secretary   Date & Time of Broadcast 24-Sep-2012 08:53:22   Announcement No. 00006       > > ANNOUNCEMENT DETAILS The details of the announcement start here ...   Date of Lifting of Trading Halt * 24-09-2012   Time of Lifting of Trading Halt * 0930 hours

 

Trading Halt 

 

Thbev has pulled out the acquisition of F& N in order to stop APB being taken away.   seems some F& N buyer above 8.8 will kena trapped liao

 

Heineken to buy Kindest Place’s APB stake

WEDNESDAY, 19 SEPTEMBER 2012 20:20

Share this   Digg   Del.icio.us   StumbleUpon   Netscape   Yahoo   Technorati   Googlize this   Facebook Export PDF Print E-mail Dutch brewer Heineken NV said on Wednesday it would buy Kindest Place’s 8.6% stake in Asia Pacific Breweries for $53.00 per share - part of its moves to take control of the Tiger beer brand and an Asian brewing network. The purchase of Kindest Place’s 22.2 million-share stake will happen no later than Oct. 1, Heineken said in a statement.

 

Do you think TB will support or reject capital reduction @ $8.50 exercise proposed by F & N board? Support or rejection will be a better outcome for minority shareholders? 

What is the point of F & N board to recommend the use of S$1.6 billion of the APB sale proceeds to repay existing debt facilities and strengthen the balance sheet of the F& N Group, when TB is buying  entire F & N now? Shouldn't this capital reduction @ $8.50 exercise & debt reduction proposals be aborted now since the long term plans of F& N are uncertain?