Kirin Holdings Co Ltd Announces Overseas Union Enterprise Limited's Cash Offer for Fraser and Neave, Ltd


Thursday, 15 Nov 2012 06:00pm EST 

Kirin Holdings Co Ltd announced that a consortium led by Overseas Union Enterprise Limited (OUE) announced that it has made a voluntary conditional cash offer for all of the issued and paid-up ordinary shares of Fraser and Neave, Limited (F&N), of which Kirin Holdings Co Ltd. currently owns a minority stake. In its announcement, OUE disclosed that Kirin has agreed to acquire the food and beverage business of the F&N group (F&B Business), and OUE has agreed to vote all its shares in F&N in favor of Kirin's acquisition of the F&B Business. 

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