The Straits Times
Published on Oct 19, 2012

Overseas Union Enterprise may make offer for F&N


Thai tycoon Charoen Sirivadhanabhakdi may soon see competition in his bid to take over Fraser & Neave.

Lippo-backed Overseas Union Enterprise said this afternoon that it may make a offer for Fraser & Neave shares. It is in discussion with certain parties and is considering all options including making an offer for F&N shares.

Both counters were halted from trading.

Mr Charoen's TCC Assets is offering F&N shareholders $8.88 per share.