Heineken shares rise on higher bid for Tiger beer maker
AMSTERDAM, Aug 20 – Shares of Heineken rose today after the Dutch brewer raised its offer for Fraser and Neave’s stake in the maker of Tiger beer to US$6.35 billion (RM19.88 billion).
Heineken shares rose as much as 2.3 per cent and were up 2.1 per cent at €44.04 by 0703 GMT on the Amsterdam exchange.
Late on Friday night, Heineken made a revised offer for Asia Pacific Breweries (APB) of S$53 per share. – Reuters