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

Traffic moves past Frasers Centrepoint Ltd.'s The Centrepoint mall, center, on Orchard Road in Singapore. Charoen’s advisers were concerned that F&N might split its property and beverage businesses, increasing its market value and complicating a stake purchase.