F&N

F&N: SGX filings showed that ThaiBev has risen its F&N stakes by 1.9% to 23.9% from 22% through a subsidiary. (Purchase makes direct sense, since the price grp bought at approx. $8.08 was at a 9% discount to its initial purchase from OCBC at $8.88) Separately, Heineken has given F&N one more week to consider the Dutch beverage group's $5.1b offer to buy its stake in their JV, APB. Heineken accepted a request from Fraser & Neave to extend the deadline for accepting its offer from Friday to Aug 3. In a separate statement confirming the deadline extension, F&N said it hasn't received any other bid for its stake in APB apart from the offer from Heineken. Meanwhile, Japan’s Kirin which owns a 15% stake in F&N is considering a bid for F&N’s Malaysian unit and its soft drink and dairy assets.