date:Sep 21, 2012
may be persuaded to back the Heineken deal by the proposal of FN's board to use the proceeds to pay out S$4 billion ($3.27 billion) through a capital reduction.
FN's other large shareholders include Japan's Kirin Holdings Co Ltd 2503.T, with a near 15 percent stake. Kirin has previously said it is interested in FN's food and non-alcoholic drinks business.
At S$53 per share, Heineken's offer is regarded as generous by many analysts - some 18 times core profits (EBITDA), above the 15.4 times pai