Fraser and Neave accepts Heineken offer for APB stake

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Heineken has agreed to buy Fraser and Neave’s controlling stake in the maker of Tiger beer in a deal worth SG$5.6bn (US$4.5bn, €3.6bn). Fraser and Neave has accepts the improved Heineken offer of SG$53 per share from SG$50 per share for its entire holding in Asia Pacific Breweries (APB).