Charoen’s Down-to-the-Wire F&N Takeover Was Years in the Making

Charoen’s Down-to-the-Wire F&N Takeover Was Years in the Making

Munshi Ahmed/Bloomberg

Bottles of Fraser & Neave Ltd.'s F&N sparkling drink in various flavors are arranged for a photograph in Singapore. Charoen’s takeover of F&N, whose businesses range from milk to shopping malls, burnished the reputation of Thailand’s richest man, worth $11.8 billion.