Fraser & Neave (F & N)

[CityFarmer]

F&N closes at $9.43 today. Doesn't that mean that I can buy in the open market and sold it to TCC at $9.55? I calculated that I can earn at least $50 after deducting the commission.

The answer is NO. There is no such "lobang"

TCC Offer price has been updated to $9.43 today. TCC Asset has resume its acquiring from open market today.

[edragon]

You will loose money as it is XD already. Anyway, the offer from TCC is excluded any dividends.

[acl72]

Hi

Sorry need some help here. So what do i do if i want to accept the offer now? I dont seem to have received any "offer letter", or they are refering to the one that they mailed a few months back which i think i may have thrown away.

Thanks.

In fact, the procedure to accept is clearly stated in the revised offer doc with SGX website. For easily reference, i quoted relevant section here.

-----------
Shareholders who have not received or who have misplaced the Offer Document and/or the relevant acceptance forms should contact The Central Depository (Pte) Limited ("CDP") (for Shareholders whose Securities Accounts are and/or will be credited with F&N Shares ("Depositors")) or Tricor Barbinder Share Registration Services (for Shareholders whose names appear in the register of members of the Company ("Scrip Shareholders")), as the case may be, immediately at the following respective addresses:

For Depositors:
The Central Depository (Pte) Limited
4 Shenton Way
#02-01 SGX Centre 2
Singapore 068807
Tel: +65 6535 7511

For Scrip Shareholders:
Tricor Barbinder Share Registration Services
80 Robinson Road
#02-00
Singapore 068898
Tel: +65 6236 3333

Copies of the FAA may be obtained by Depositors from CDP during normal business hours and up to the Extended Closing Date, upon production of satisfactory evidence that their securities accounts with CDP are or will be credited with Offer Shares.
...

Hi, I am currently a shareholder of F&N would like to request help on where to get the for acceptance form for TTC cash offer for F&N as I had misplace it.

Or is there a link that I can download the form?

[CityFarmer]

The dealing disclosure of TCC Asset, another 5.5 million shares acquired on 1 Feb, out of transacted volume of 6.0 million shares

http://info.sgx.com/webcoranncatth.nsf/V...800110274/$file/DealingsDisclosureandLevelofAcceptances040213.pdf?openelement

Current holding 57.00% includes acquired and accepted shares.

I always wonder why shareholder sold their share via open market, instead of just accept the offer, with the same price? Sales via open market incur fee, while acceptance is FOC.

[CityFarmer]

The dealing disclosure of TCC Asset, another 4.1 million shares acquired on 4 Feb, out of transacted volume of 4.4 million shares

http://info.sgx.com/webcoranncatth.nsf/V...9000DBFF2/$file/DealingsDisclosureandLevelofAcceptances050213.PDF?openelement

Current holding 74.06% includes acquired and accepted shares. One big leap from previous day, mainly from acceptance of 26%. Will it cross 90%? Let's see...

[CityFarmer]

The dealing disclosure of TCC Asset, another 2.1 million shares acquired on 5 Feb, out of transacted volume of 2.3 million shares

http://info.sgx.com/webcoranncatth.nsf/V...A00109EEC/$file/DealingsDisclosureandLevelofAcceptances060213.pdf?openelement

Current holding 75.70% includes acquired and accepted shares. Acceptance is 27.83%. More than a week to go before closing date, 15% to go before reaches 90%...

[CityFarmer]

The dealing disclosure of TCC Asset, another 0.8 million shares acquired on 6 Feb, out of transacted volume of 1.2 million shares

http://info.sgx.com/webcoranncatth.nsf/V...B0011E0A2/$file/DealingsDisclosureandLevelofAcceptances070213.pdf?openelement

Current holding 76.19% includes acquired and accepted shares. Acceptance is 28.27%.

[CityFarmer]

F&N first quarter profit at record $4.9b

raser & Neave has announced a first quarter net profit of $4.9 billion, which includes a gain of $4.8 billion from the disposa; of its entire interest in Asia Pacific Breweries.

Revenue for the quarter was $913 million, up 17% from the same quarter a year ago, as growth was recorded across different business segments.

http://www.theedgesingapore.com/the-dail...d-49b.html

[CityFarmer]

The dealing disclosure of TCC Asset, another 1.8 million shares acquired on 7 Feb, out of transacted volume of 2.3 million shares

http://info.sgx.com/webcoranncatth.nsf/V...C00113626/$file/DealingsDisclosureandLevelofAcceptances080213.pdf?openelement

Current holding 77.00% includes acquired and accepted shares. Acceptance is 28.96%.

[CityFarmer]

More insider story of F&N GO battle...

No S’pore businesses ‘dared’ to step in for F&N

SINGAPORE — Dr Stephen Riady, whose Overseas Union Enterprises (OUE) recently lost the battle for control of Fraser & Neave, said that no local businesses “dared” to step in for the property, publishing and food and beverage conglomerate.

“Where were the big guys? This is a Singapore icon, a 130-year-old company with excellent assets, and in three sectors it is No 2 — residential, shopping malls, and serviced apartment under Frasers,” he said in an interview with Storm magazine, which covers international and local life, style, business and society issues.

http://www.todayonline.com/business/no-s...ed-step-fn