Watchdog sets deadline for F&N brouhaha

RELATED QUOTES

SymbolPriceChange
F99.SI2.08-0.05

Shareholders’ wait ends soon.

IG Markets Singapore noted:

A fall in retails sales of 1.1% didn’t help sentiment across the island although there was one sliver of good news for Fraser & Neave shareholders.

The SIC shares watchdog has ruled that this Sunday will be the deadline for the increasingly dull takeover battle for F&N. It is willing to accept a revised bid on Monday and a counter-bid on Tuesday.

The F&N share price has inched back towards $9.70 a share indicating the optimism shareholders still have that an improved bid can be tabled. But the big question if this unlikely scenario does happen is why did it take a rival bidder so long?

All traders have seen are two rival foreign companies use F&N as a play thing to raise their own profile without any serious conviction to acquire the property and drinks conglomerate. The low-ball offers come across as disingenuous and many are surprised a third party hasn’t sneaked in and stole their thunder.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3581+0.0027+0.20%
    USDSGD=X
    1.5236+0.0045+0.30%
    EURSGD=X
    1.7572-0.0143-0.81%
    GBPSGD=X
    74.1220-0.195-0.26%
    SGDJPY=X
    5.7055-0.0145-0.25%
    SGDHKD=X
    3.0268-0.0057-0.19%
    SGDMYR=X
    9,655.5332-31.46-0.32%
    SGDIDR=X
    4.9066-0.0088-0.18%
    SGDCNY=X
    1.0350-0.0007-0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,341.10-3.60-0.27%
    GCZ16.CMX
    19.77-0.32-1.61%
    SIZ16.CMX
    95.76-3.02-3.05%
    ^XAU
    2.20+0.01+0.25%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.15-0.02
    ^FVX
    1.62-0.02
    ^TNX
    2.34-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.136-0.001-0.73%
    N21.SI
    0.720.00-0.69%
    BS6.SI
    0.143+0.004+2.88%
    5DM.SI
    0.960.000.00%
    Y92.SI
    0.32+0.01+3.23%
    5OT.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.275+0.055+25.00%
    S46.SI
    0.375+0.045+13.64%
    AZT.SI
    0.27+0.03+10.20%
    5EC.SI
    0.33+0.02+6.45%
    1A1.SI
    1.0850.0000.00%
    AYN.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.235-0.055-18.97%
    PA3.SI
    0.136-0.029-17.58%
    5NF.SI
    0.17-0.03-15.00%
    AYD.SI
    0.09-0.01-14.29%
    BQI.SI
    0.35-0.05-11.39%
    BQF.SI