Charoen 'near control' of F&N | Bangkok Post: business

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Charoen 'near control' of F&N

SINGAPORE - Billionaire Charoen Sirivadhanabhakdi came closer Monday to winning control of Fraser & Neave Ltd (F&N) after a rival group failed to match his S$13.8 billion (314.7 billion baht, US$11.2 billion) offer for the 130-year-old property and beverage company.

A group led by Overseas Union Enterprise Ltd. (OUE) said Monday it won't match the Jan 18 offer of S$9.55 a share by Thailand's richest man. The OUE group had bid S$9.08 a share in November.

NOTE: S$1 = 24.2 Thai baht

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