FNN / Thai Bev

FNN / Thai Bev: Thai billionaire Charoen Sirivadhanabhakdi Wednesday extended for a fourth time, the deadline for his US$7.2 b offer for FNN. Mr. Charoen's offer of $8.88/sh, made through his unlisted investment vehicle TCC Assets, will now close on Jan. 10. The offer price remains unchanged. OUE, owned by Indonesia's Riady family, made a $9.08/sh bid for FNN in Nov, raising the specter of a bidding war. The US$10.6 b offer led by OUE expires today. The board of FNN has reacted coolly to both the offers, saying they weren't compelling even though they were fair.