The Coca-Cola Company (NYSE:KO) might make an offer for the beverage operations of Singapore’s Fraser & Neave, including its dairy and soft-drink units, all which could total as much as $3 billion in value. The rumors emerge as a battle unfolds between Heineken Nv Adr (HINKY.PK) and Thai billionaire Charoen Sirivadhanabhakdi for Asia Pacific Breweries, in which Fraser & Neave owns 40 percent, and is ready to make a decision on a $4.1 billion offer from Heineken for its holding. However, should Coke make a successful bid, the move would help it well along with its rivalry with PepsiCo Inc. (NYSE:PEP), as Fraser & Neave is set to become a dominant player in Malaysia and Singapore if a deal is realized.
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Private equity Bain Capital will purchase a 30 percent stake in process management and tech services company Genpact Limited (NYSE:G) from General Atlantic and Oak Hill Capital, which will keep a 10 percent investment in the firm. Bain is paying $14.76 per share, or $1 billion, which share price is somewhat below Genpact’s close Wednesday at $17.15.
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