F&N (thought of the day)

Kirin recently purchased 7% stake in F&N, hoping to use F&N as a platform to spearhead its expansion into Asia.
Asahi has responded with the 100% acquisition of P&N, Australia’s third largest soft drink company, for A$364m. Motivation from the stronger yen, and declining domestic growth is leading Japanese F&B firms to look outwards for growth.

With competition hot on its heels, would Kirin/ F&N find a way to work out a more meaningful partnership? Would they consider a corporate restructuring, such as a spin off of the F&B unit, so that they can better focus on growing in this segment? Would corporate action then be a catalyst for re-rating toward the average $6.50 target that the Street has forecast for F&N? ...

Perhaps some of you see other options for F&N, or have insight into the feasibility of such scenarios. Do feel free to share your thoughts, and perhaps a consensus view might emerge.