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ThaiBev
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up or down on debut?
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jingsze91
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12-Nov-2012 14:53
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dont know what's happening again. drop so much. =( very very long wait..... |
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skk888
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11-Nov-2012 21:31
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they could also have a special vehicle to make the bid separately from OUE, just like ThaiBev and TCC Assets. The Indos can also have one such vehicle?
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flyfox
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11-Nov-2012 19:52
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I wont rule out this possibility but its quite unlikely unless OUE offers a damn high price such that TCC finds it worth sellling and OUE cant afford so high price anyway since they need to borrow alot of money.
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shadowmoon
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09-Nov-2012 22:18
Yells: "Henshin" |
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if UOE bid fr F& N, n thaibev cash out what it hold in f& n, think abt it.... thaibev will benefit or?
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shadowmoon
Veteran |
09-Nov-2012 22:15
Yells: "Henshin" |
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Got this feeling OUE wont bid ha | |||||||||||||||||||||||||||||||||||||||
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stockmarketmind
Master |
09-Nov-2012 10:10
Yells: "stockmarketmindgames" |
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Finally came off a little. http://stockmarketmindgames.blogspot.sg/2012/11/thai-beverage-reacted.html
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infancybird
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08-Nov-2012 19:21
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FNN shareholders shall hold on to their dear shares and not sell to anyone except the highest bidder..... Thaibev will bid higher than OUE ( oue will offer a higher price then 8.88)as Thaibev have more $$ and is also more determine and cleverer. But cannot underestimate OUE . Whatever it is ,I hope smaller sharejunction shareholders like us can gain more.
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flyfox
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08-Nov-2012 18:05
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http://sg.finance.yahoo.com/news/thai-group-extends-f-n-092224147.html SINGAPORE, Nov 8 (Reuters) - The Thai group pursuing Singapore conglomerate Fraser and Neave Ltd (F& N) extended the closing date for its takeover bid to Nov. 22, giving it more time to decide whether it should raise its offer price. Companies linked to Charoen Sirivadhanabhakdi in September made a $7.2 billion bid to buy shares of F& N that they did not already own. The offer, which values the entire Singapore group around S$12.8 billion ($10.4 billion), was originally scheduled to close on Thursday, having already been extended from Oct. 29. The Thai companies own a 34 percent stake in F& N. It also has a deal to acquire another 2 percent from shareholders if it controls more than 50 percent of F& N. Charoen may face a rival bid for F& N from Overseas Union Enterprise Ltd (OUE), which said on Wednesday that it will decide by Nov. 15 whether or not it will make a counterbid. OUE is controlled by Indonesia's Lippo Group. F& N has a property portfolio worth over S$8 billion as well as soft drinks brands including 100Plus, popular in Singapore and Malaysia. In September, F& N received shareholder approval to sell its stake in Tiger Beer maker Asia Pacific Breweries Ltd to Heineken NV. (Reporting by Eveline Danubrata and Kevin Lim Editing by Ryan Woo) |
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flyfox
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07-Nov-2012 22:04
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Lai Liao http://www.reuters.com/article/2012/11/07/oue-fraserandneave-idUSL3E8M796O20121107 UE appoints advisers, sets Nov 15 deadline for potential F& N bidSINGAPORE | Nov 7 (Reuters) - Overseas Union Enterprise Ltd (OUE), a hotel and property firm controlled by Indonesia's Lippo Group, said it had appointed Credit Suisse and Merrill Lynch as advisers on a potential bid for Fraser and Neave Ltd (F& N). " Following discussions with the Securities Industry Council, OUE will clarify its intentions no later than 15 November 2012 by either announcing a firm intention to make an offer for F& N or declaring its intention not to make an offer for F& N," OUE said in a filing to the stock exchange on Wednesday. Charoen Sirivadhanabhakdi, Thailand's third-richest man, had made a $7.2 billion offer for F& N shares he does not own. Companies linked to Charoen already control about 36 percent of F& N, whose businesses include properties and soft drinks and dairy products. Japanese food and beverage firm Kirin Holdings Co Ltd owns almost 15 percent of F& N. Charoen had already extended an original Oct 29 deadline to Thursday, Nov. 8, for his offer due to the low level of acceptance by F& N shareholders. (Reporting by Eveline Danubrata Editing by Ryan Woo) |
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stockmarketmind
Master |
07-Nov-2012 21:25
Yells: "stockmarketmindgames" |
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What has OUE got to do with thbev?
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shadowmoon
Veteran |
07-Nov-2012 19:48
Yells: "Henshin" |
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Tomorrow we may hear something fr OUE. They should be acting soon liao. See how thing move, cheer |
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shadowmoon
Veteran |
07-Nov-2012 19:47
Yells: "Henshin" |
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UOE announcing their earning lag, thus halt ha | |||||||||||||||||||||||||||||||||||||||
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stockmarketmind
Master |
07-Nov-2012 19:35
Yells: "stockmarketmindgames" |
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Thbev just doesnt look good today. | |||||||||||||||||||||||||||||||||||||||
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skk888
Veteran |
07-Nov-2012 16:08
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UOE asked for trading halt, but not F& N. |
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flyfox
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07-Nov-2012 09:50
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So they have to come out with something now. left with tomorrow.. |
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skk888
Veteran |
07-Nov-2012 09:43
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The maximum he can extend is until the 29th.. After which they are barred from such a bid for 1 year. If there's no new offer, it's hard to get that other 15%.. Unless they have 40+% now..
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flyfox
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07-Nov-2012 09:37
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Hmm..why do u think they will offer a slightly higher price, but i believe must be quite a huge sum more. at least $9+ ? i am not too sure, but I believe the tycoon wont just wanna let go of F& N right? If he lets go F& N, others may want to takeover, and OUE should be waiting for after 8 Nov. If he can extend deadline again, i believe thats the wisest choice to do. |
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skk888
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07-Nov-2012 09:08
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I've the same thoughts too. But no news from OUE so far, probably they can't finance this takeover. TCC prob will offer a slightly higher offer today or tmr. Expect thaibev to be weak on the meantime. | |||||||||||||||||||||||||||||||||||||||
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flyfox
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07-Nov-2012 08:20
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http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1235645/1/.html F& N shareholders likely to reject offer from Thai tycoon: analysts
SINGAPORE : On the Singapore Exchange, shares of Fraser & Neave (F& N) closed higher on Tuesday at S$9.09. This is 2.4 percent higher than the offer price of S$8.88 per share that TCC Assets is offering for the rest of F& N. TCC Assets is a special purpose vehicle linked to Thai tycoon, Charoen Sirivadhanabhakdi. Analysts say this is an indication that F& N shareholders are likely to reject TCC's current offer on 8th November. The S$8.7 billion (US$7.2 billion) takeover bid for F& N Group by TCC assets is likely to fall through. The billionaire Mr Charoen, through his entities TCC and Thai Beverage, currently own a combined 35.68 percent stake in F& N. F& N shareholders were given a ten-day extension (from 29th October to 8th November) to consider TCC's offer price - which has not budged from the original S$8.88. TCC's offer values F& N at over S$10 billion. The extension came following Singapore-listed Overseas Union Enterprises', a company controlled by Indonesia's Lippo Group, expressing interest to buy over F& N. OUE had previously made a S$1.4 billion bid for F& N's hospitality and serviced residences division. F& N was not able to act on that bid as it was the target of a takeover but no offer has materialised from OUE so far. Liu Jinshu, Lead Analyst, SIAS Research, said: " Does OUE have the resources to execute a competing offer or whether they're still in the foray? Considering their market cap and the price tag of F& N, I think we got to look at OUE's interest in F& N. If it's just property, they may just sit down and discuss with TCC how to split the assets rather than engage in a competitive bidding war." Some analysts say given OUE's market capitalisation of S$2.3 billion, it would require the help of partners such as Kirin Holdings, which owns a 15 percent stake in F& N, or even Coca-Cola to launch a takeover bid for F& N. Analysts say for a successful counter-offer, the bid should come in at the high end of the estimated valuation of between S$8.30 and S$11.22. In a circular to shareholders on 10th October 2012, F& N's board also said the offer price of S$8.88 a share is at the low end of an estimated valuation of between S$8.30 and S$11.22. Yet some others say F& N shareholders have a strong incentive to consider the TCC bid. Xavier Jean, Analyst, Standard & Poor's, said: " F& N Shareholders have a strong incentive to consider the TCC bid because there are some complexities for another party to bid for F& N. TCC has first-mover advantage. They've already positioned themselves, they've already put their name on the market. Any new bidder would have to provide a significantly higher price both to TCC and to the other shareholders which would make it more expensive and more difficult." But given that F& N 's financial advisors JP Morgan Chase had previously described TCC's offer as " fair but not compelling" , market watchers say the F& N board might even decide to auction off the various assets separately to extract most value. In a statement to shareholders on 10th October 2012, F& N directors who are also shareholders said they intend not to accept the takeover offer at S$8.88 per share, unless the F& N offer turns unconditional when the offeror secures acceptances which bring its shareholdings to more than 50 percent of F& N's total issued capital. In the run-up to the F& N shareholders meeting on 8th November, analysts are not ruling out the possibility of a counter-bid from another party. But if F& N shareholders were to reject TCC's offer of S$8.88 per share, experts say the takeover premium would be reduced if the likelihood of a future bid disappears. - CNA/ch |
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flyfox
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31-Oct-2012 12:08
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So old post. like a month ago | |||||||||||||||||||||||||||||||||||||||
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