The battle for Fraser & Neave (F&N) has taken another twist after Overseas Union Enterprise (OUE) extended the deadline for its SGD13.1bn (US$10.7bn) offer for the Singapore conglomerate.

In a filing yesterday (3 January), property group OUE said the closing date for its offer has been extended until 14 January. The previous deadline was yesterday.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

It comes after ThaiBev-controlled TCC Assets yesterday extended its offer deadline for F&N for a fourth time to 10 January. OUE’s bid tops TCC’s, which is SGD9bn (US$7.36bn).

If the OUE bid is successful, Japan’s Kirin Holdings has agreed to acquire F&N’s food & beverage business for SGD2.7bn.

Last month, F&N’s board branded OUE’s offer as “not compelling, but fair”.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now