Another local brand to be sold to foreigner company (APB)

[Alamaking]

Heineken extends deadline to buy Asia Pacific Breweries

SINGAPORE (AFP) - Dutch beer giant Heineken on Friday gave Singapore food and beverage group Fraser and Neave (F&N) one more week to consider its US$4.1 billion (S$5.1 billion) takeover offer for Asia Pacific Breweries (APB).

Heineken last week set a July 27 deadline for APB's parent to accept a buyout but agreed to a one-week extension amid rumours of a potential takeover battle for F&N's assets involving Thai Beverage and Japan's Kirin Holdings.

Apart from beer, APB has major soft-drink and dairy assets along with property, publishing and printing operations. APB, the maker of Tiger Beer, is its crown jewel.

In a statement posted on the Singapore Exchange website, F&N said 'it has reached a mutual agreement with Heineken to extend the deadline for acceptance of the Heineken offer by one week from 27 July 2012'.

 

[Hwheels]

Heineken already own stakes right? They're just increasing their %.
http://en.wikipedia.org/wiki/Asia_Pacific_Breweries