Singapore“s Fraser & Neave (F&N) and its subsidiaries have agreed to acquire 50.06% of the maximum potential issued share capital of Times Publishing Ltd., making its takeover offer for the book reta…
Singapore“s Fraser & Neave (F&N) and its subsidiaries have agreed to acquire 50.06% of the maximum potential issued share capital of Times Publishing Ltd., making its takeover offer for the book retailer unconditional. Times said in a recent statement that the period of acceptance for the offer would now be extended to June 19, 2000 instead of June 5, the initial expiry date. Diversified food and beverage company F&N said in April it was making a voluntary conditional cash offer for all of Times Publishing“s capital at S$ 4.40 a share. F&N ended 10 cents up at S$ 5.15 while Times was unchanged at S$ 4.36.