Heineken’s bid for Asia pacific breweries hits a snag

Heineken's bid to for Asia Pacific Breweries (APB) has reportedly hit a snag.

This after a Thai firm reportedly offered $44 a share for a 7.3% stake in APB.

That is reportedly 10% higher than Heineken's offer for a 40% direct and indirect stakes in APB.

Analysts said that  Heineken  may have to pay more if it wants shareholders to vote in its favour.