Fraser & Neave shares climbed to its highest level since December 2007 after Kirin Holdings Co. agreed to buy Temasek Holdings Pte’s stake in the Singapore brewer for $1.34 billion.
Fraser & Neave gained 2.8% to $5.83 as of 9:12 a.m. in Singapore. Kirin is $6.50 a share for Temasek’s 14.7% stake in the company.
{jcomments on}
