Fraser & Neave (F & N)

[CityFarmer]

dunno what the thais doing with their cheapskate bid, end up becoming so draggy
maybe they should had offered $9.70 right from the beginning and scoop everything up fast fast

IMO, the tactic is instead of full-blown bidding warfare, TCC Asset opts for dividend-and-conquer approach. TCC still will raise the bid, but only after secured major irrevocable undertaking. This will happen anytime...