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
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.