Thai Bev has made an unsolicited bid for 7.3% of APB's shares. It will be interesting to see what follows. As presumed, Thai Bev would make it harder for Heineken to buy APB, but the question is will Thai Bev be able to take over APB fully or are they just looking to build a blocking stake looking for a better bid.
To me it seems like the latter is possibly. Or possibly they want to protect their interest as they have just spend a fortune buying over the F&N stake from OCBC and company. But will Heineken bite?
It definitely looks more interesting now as Thai Bev have shown their hands. I would want to think Heineken wouldnt walk away so fast, thus there should be 1 bid left by Heineken. Lets see where this opens tomorrow.
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