Written by Toby Sterling for boston.com
AMSTERDAM (AP) â€” Dutch brewer Heineken NV said Wednesday it will keep fighting to buy the shares it doesnâ€™t already own of Asia Pacific Breweries Ltd of Singapore, the owner of Tiger beer, despite efforts to upset the deal by a Thai tycoon.
Last week Heinekenâ€™s longtime co-investor in APB, Fraser and Neave Ltd., agreed to sell its 39.7 percent stake in APB to Heineken at 50 Singapore dollars per share, plus some other operations, for a total sum of $4.23 billion. Heinekenâ€™s bid represented a 45 percent premium to APBâ€™s share price before the offer, and the sale would have given Heineken 82 percent of APBâ€™s shares.
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