OUE's failed attempt at acquiring F&N is a 'shame': analyst

13 Feb 2013 - Singapore Business Review
But here are 3 positive things about the incident. According to CIMB, with the F&N saga now behind, investors’ focus should shift to the quality of OUE’s assets, which remains unchanged. The group is a Singapore pure play and has a unique exposure to prime assets in four segments – office, hotel, retail ...
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Check what's next with OUE now that it's out of the F&N race

4 Feb 2013 - Singapore Business Review
CIMB expects recycling moves. With fears of OUE overpaying for F&N now removed, its share price which has lagged behind the sector should catch up, said CIMB. According to CIMB, the key takeaway from this failed M&A is that OUE is serious about growing its asset base but with financial discipline. It ...
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F&N bidding clock ticks for OUE

21 Jan 2013 - Singapore Business Review
Rival bidder has improved offer. IG Markets Singapore noted: The drawn-out sparring match for the prized asset of Fraser & Neave has reached the final round with the Thais delivering what could be the knockout punch. Thai tycoon Charoen may finally walk away with the spoils following Friday’s improved ...
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OUE postpones closing date for F&N offer to January 14

4 Jan 2013 - Singapore Business Review
OUE's offer is still S$9.08-per-share. In a statement, OUE's financial advisers said that the closing date of the Offer shall be extended from 5.30 p.m. on 3 January 2013 to 5.30 p.m. on 14 January 2013 or such later date(s) as may be announced from time to time by or on behalf of the OUE.
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OUE's $9.08/share offer for F&N 'not compelling'

20 Dec 2012 - Singapore Business Review
But yes, it's fair, says F&N advisers. According to IG Markets, Fraser & Neave advisers JP Morgan have called OUE’s $9.08 a share offer for the conglomerate “not compelling but fair”. Here's more from IG Markets: This is becoming a well-worn phrase for offers for F&N as predators fail to offer shareholders ...
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OUE will dare to shell out this much for F&N

10 Dec 2012 - Singapore Business Review
It will knock off TCC's $8.88 offer. According to Nomura, the OUE-led consortium released its formal conditional general offer on 6th December and has set 3 January 2013 as the deadline for its offer. Here's more from Nomura: The consortium can extend its offer after this initial deadline. Meanwhile, ...
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Will Fraser & Neave bite at OUE's offer?

19 Nov 2012 - Singapore Business Review
OUE's $9.08 apiece offer represents a premium of SGD 20 cents. "We agree that the property assets of F&N are of good quality and could complement OUE’s existing portfolio and expansion plan, nevertheless the eventual successful bidder in such bidding war is at risk of over paying the target in our view. ...
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OUE reveals grand plans behind F&N bid

16 Nov 2012 - Singapore Business Review
Gobbling up F&N provides much-needed regional presence. OUE has announced that it has put forward a volutonary conditional cash offer for all the issued and paid-up ordinary shares in the capital of F&N at S$9.08 for each F&N share. "Upon completion of the APBL Disposal and divestment of the F&B business, ...
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OUE F&N offer not compelling, says analyst

16 Nov 2012 - Singapore Business Review
It still falls on the low side of F&N’s valuation. IG Markets Singapore noted: At the last-minute last night OUE finally announced its counter bid for Fraser & Neave slapping down a $9.08 a share offer for the conglomerate. While this betters the $8.88 deal from the Thais it is hardly a compelling offer. ...
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All eyes on possible OUE offer for F&N

13 Nov 2012 - Singapore Business Review
November 15 will decide whether tug-of-war commences. Here's more from BBVA: The corporate story of the year is reignited this week when F&N shareholders will discover if OUE is to put up or shut up as its self-imposed deadline of 15 November looms. If an offer does materialise it could spark a tug-of-war ...
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