Thai tycoon Charoen Sirivadhanabhakdi has extended his general offer for Fraser and Neave (F&N) by another two weeks, to Nov 22.
The offer price of $8.88 per F&N share remains unchanged.

Charoen, who is making the offer through Thai Beverage Public Co and privately held TCC Assets, had until 5:30pm yesterday to decide whether to extend his offer or let it lapse. The extension was disclosed to the Singapore Exchange at 5:15 pm.

The Thai offer is conditional upon the bloc gaining majority control of F&N. The Thais currently control a 35.7% stake in F&N, including acceptances.