THE NEWS: Heineken NV will keep fighting to buy a bigger stake in Asia Pacific Breweries Ltd. despite efforts by another bidder. The Dutch brewer has a 42.3 percent stake in APB, the owner of Tiger beer, Asia's top seller.
THE BACKGROUND: Fraser and Neave Ltd. agreed to sell its 39.7 percent stake in APB to Heineken for 50 Singapore dollars per share, or $4.23 billion, last week. A few days later a company controlled by Thai billionaire Charoen Sirivadhanabhakdi offered Fraser and Neave 55 Singapore dollars per share for a 7.3 percent stake in APB.
WHAT'S NEXT: Some analysts believe Heineken will have to raise its offer for the assets.