F&N Said to Deem Charoen’s $7.3 Billion Offer as Not Compelling

F&N Said to Deem Charoen’s $7.3 Billion Offer as Not Compelling

Dario Pignatelli/Bloomberg

A worker arranges cans of Thai Beverage Pcl (ThaiBev) Chang beer on a conveyor system at the company's Beer Thip brewery in Bang Ban, Ayutthaya province, Thailand. Charoen, through Thai Beverage Pcl and TCC Assets Ltd., in September offered S$9 billion for the 70 percent of Singapore-based F&N he didn’t already own.