Fraser & Neave (F & N)

[CityFarmer]

hope they got an offer for their printing assets... lol

This is not within my expectation...

IMO, it is difficult to get a buyer, and it is just a small part of the asset, and minor contributor to profit.

Base on AR2012, the numbers of P&P segment

Revenue: 382.3 mil (11% of overall revenue)
PBIT: ONLY 4.1 mil (1% of overall PBIT)
Asset: 397.8 mil (4% of overall asset)

The number is too minor that, in my SOTP, I lumped it together with "Other" as one part...

(vested)

I did jokingly suggested at the beginning of the takeover saga that Popular Hldgs ought to make an offer for this segment... They may find synergy with their Publishing (MCD) & Bookstores (Times). Popular Hldgs FY13 Revenue is only $524Mil, so this "small" segment of F&N is rather massive for Popular Hldgs... With current net cash = $70M, they may need to gear up considerably... Very slim chance unless valuations is closer to $100M...

PS. I don't see any other company halted at the same time

I reckon Mr. Towkay might not have time to entertain the offer, even Mr. Chou offers it. There are bigger businesses to deal with, and with limited time...

PS. It might be additional info on the DIS, rather than new corporate action...