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U.S. Hedge Fund Davidson Kempner Said to Build Up Stake in F&N

Bloomberg – Davidson Kempner Capital Management LLC, a $19 billion U.S. hedge fund manager, has been building up a stake in Fraser & Neave Ltd. (FNN), the Singapore property and soft drinks company at the center of rival takeover bids, said a person with knowledge of the matter.

Davidson Kempner, based in New York, has accumulated just under 5 percent of Fraser & Neave, said the person, who declined to be identified as the information is private.

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