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Heineken’s Thorn

August 8, 2012Dear Client:Heineken has a thorn in it's side. A burr in its saddle. A mosquito in its soup. And his name is -- incomprehensible. Remember our friend Charoen Sirivadhanabhakdi? Of Thai Beverage? Yesterday his son-in-law offered an unsolicited bid for a stake in APB that Bloomberg notes is 10% higher than Heineken's offer. The S$55-a-share bid came from Kindest Place Groups, owned by Chotiphat Bijananda, Charoen's son-in-law, for 18.8 million shares or 7.3% of APB, F&N said in

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