Fraser and Neave adviser says Thai tycoon’s raised offer is “fair”
SINGAPORE (Reuters) – Fraser and Neave Ltd’s independent financial adviser JP Morgan said on Sunday Thai billionaire Charoen Sirivadhanabhakdi’s new offer of S$9. 55 ($7. 74) per share for the Singapore property and drinks conglomerate is "fair". Directors who hold F&N shares, including chairman Lee Hsien Yang, intend to accept Charoen’s revised offer, the company said in a statement. Charoen is now set to take over F&N in Southeast Asia’s biggest-ever acquisition. He had declared his S$9. 55-per-share offer, which values the Singapore company at around S$13. 75 billion ($11. 2 billion), as final. . . .
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