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Pictures | Tue Jan 22, 2013 | 1:42am EST

Thais set to win F&N battle after Overseas Union bows out

A security guard walks past a logo of Fraser and Neave Limited at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close. REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO)

A security guard walks past a logo of Fraser and Neave Limited at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by...more

A security guard walks past a logo of Fraser and Neave Limited at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close. REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO)
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Stacks of Fraser and Neave (F&N) products are on display at its factory in Pulau Indah outside Kuala Lumpur in this December 4, 2012 file photo. REUTERS/Bazuki Muhammad/Files

Stacks of Fraser and Neave (F&N) products are on display at its factory in Pulau Indah outside Kuala Lumpur in this December 4, 2012 file photo. REUTERS/Bazuki Muhammad/Files

Stacks of Fraser and Neave (F&N) products are on display at its factory in Pulau Indah outside Kuala Lumpur in this December 4, 2012 file photo. REUTERS/Bazuki Muhammad/Files
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A logo of Fraser and Neave Limited is pictured at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close.REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO)

A logo of Fraser and Neave Limited is pictured at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon...more

A logo of Fraser and Neave Limited is pictured at its office building in Singapore January 21, 2013. Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close.REUTERS/Edgar Su (SINGAPORE - Tags: BUSINESS LOGO)
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Thai Beverage's Chairman Charoen Sirivadhanabhakdi speaks during a news conference at the Singapore Exchange in Singapore in this May 30, 2006 file photo. REUTERS/Tim Chong/Files

Thai Beverage's Chairman Charoen Sirivadhanabhakdi speaks during a news conference at the Singapore Exchange in Singapore in this May 30, 2006 file photo. REUTERS/Tim Chong/Files

Thai Beverage's Chairman Charoen Sirivadhanabhakdi speaks during a news conference at the Singapore Exchange in Singapore in this May 30, 2006 file photo. REUTERS/Tim Chong/Files
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