Woots, now that the Thais of ThaiBev have brought their holdings in F&N to 29% — just a whisker from the 30% threshold when they would have to make a general offer — I wonder would they just sail over the limit?
And when they have to bid, would they bid at $8.88 (the highest price they are known to have paid)? Or higher?
Haha, don’t think they would be fighting against the sale of APB. Rather IMHO they want to unlock the cash hoard in F&N to finance its own takeover! And pass control to ThaiBev!
Neat! Thai boxing at its best!