Cabinet clears ordinance, makes anti-rape laws stricter

NEW DELHI: Rape that leads to death of the victim or leaving her in a vegetative state can now attract death penalty under an ordinance cleared by the Union Cabinet on Friday noght in a bid to fast-track stringent amendments to the criminal laws to check crime against women.

The ordinance, based on the recommendations of the Justice J S Verma Committee and going beyond, proposes to replace the word 'rape' with 'sexual assault' to expand the definition of all types sexual crimes against women.

It also proposes enhanced punishment for other crimes against women like stalking, voyeurism, acid attacks, indecent gestures like words and inappropriate touch and brings into its ambit 'marital rape'.

The Union Cabinet, at a specially-convened meeting just three weeks ahead of the Budget Session of Parliament, went beyond the Verma Committee's recommendation by providing for capital punishment in the cases where rape leads to death of the victim or leaves her in "persistent vegetative state".

In such cases, the minimum punishment will be 20 years in jail which can be extended to the natural life of the convict or death, sources said, adding discretion will be with the court.

Being brought against the backdrop of the gang rape and brutal assault of a 23-year-old girl in Delhi in December, the ordinance entails changes in the criminal law by amending Indian Penal Code (IPC), Code of Criminal Procedure (CrPC) and the Evidence Act.

The government will now recommend to President Pranab Mukherjee to promulgate the ordinance with immediate effect.

"We believe that this is a progressive piece of legislation and is consistent with felt sensitivities of the nation in the aftermath of outrageous gangrape in Delhi," law minister Ashwani Kumar said.

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Hedgehog Alert! Prickly pets can carry salmonella

NEW YORK (AP) — Add those cute little hedgehogs to the list of pets that can make you sick.

In the last year, 20 people were infected by a rare but dangerous form of salmonella bacteria, and one person died in January. The illnesses were linked to contact with hedgehogs kept as pets, according to a report released Thursday by the Centers for Disease Control and Prevention.

Health officials on Thursday say such cases seem to be increasing.

The CDC recommends thoroughly washing your hands after handling hedgehogs and cleaning pet cages and other equipment outside.

Other pets that carry the salmonella bug are frogs, toads, turtles, snakes, lizards, chicks and ducklings.

Seven of the hedgehog illnesses were in Washington state, including the death — an elderly man from Spokane County who died in January. The other cases were in Alabama, Illinois, Indiana, Michigan, Minnesota, Ohio and Oregon.

In years past, only one or two illnesses from this salmonella strain have been reported annually, but the numbers rose to 14 in 2011, 18 last year, and two so far this year.

Children younger than five and the elderly are considered at highest risk for severe illness, CDC officials said.

Hedgehogs are small, insect-eating mammals with a coat of stiff quills. In nature, they sometimes live under hedges and defend themselves by rolling up into a spiky ball.

The critters linked to recent illnesses were purchased from various breeders, many of them licensed by the U.S. Department of Agriculture, CDC officials said. Hedgehogs are native to Western Europe, New Zealand and some other parts of the world, but are bred in the United States.

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Online:

CDC report: http://www.cdc.gov/mmwr

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Ala. Hostage Suspect Had Court Date Scheduled

The retired Alabama trucker who shot a school bus driver and is now holding a kindergarten student in an underground bunker was scheduled to be in court Wednesday to answer for allegedly shooting at his neighbors in a dispute over a damaged speed bump.

Jimmy Lee Dykes, 65, has been holed up in a 6 by 8 foot bunker 4 feet underground with a 5-year-old autistic boy named Ethan since Tuesday, when he boarded a school bus and asked for two 6 to 8 year old boys. School bus driver Charles Albert Poland Jr., 66, was shot several times by Dykes, and died trying to protect the children.

Police said that they do not think that Dykes had any connection to Ethan, and that SWAT teams and police are negotiating with Dykes.

"I could tell you that negotiators continue to communicate with the suspect and that there's no reason to believe the child has been harmed," Sheriff Wally Olson said late Thursday.

Dykes' neighbor Claudia Davis told The Associated Press that he had yelled at her and fired his gun at her, her son James Davis, Jr. and her baby grandson after he claimed their truck caused damage to a speed bump in the dirt road near his property. No one was hurt, but Davis, Jr. told the AP that he believes the shooting and kidnapping are connected to the scheduled court hearing.

"I believe he thought I was going to be in court and he was going to get more charges than the menacing, which he deserved, and he had a bunch of stuff to hide and that's why he did it," he said.

Alabama Hostage Standoff: Boy, 5, Held Captive in Bunker Watch Video

Alabama 5-year-old Hostage: Negotiations Continue Watch Video

Alabama Child Hostage Situation: School Bus Driver Killed Watch Video

This was not Dykes' only run-in with people in the neighborhood, where he had come to be known as a menacing figure. Neighbor Ronda Wilbur told the AP that Dykes beat her 120-pound dog with a lead pipe when it entered the side of the dirt rode his trailer sits on. Wilbur said her dog died a week later.

Early last year, two pit bulls belonging to neighbors Mike and Patricia Smith escaped and got into his yard. Patricia Smith said that Dykes threatened to shoot her children when they went to retrieve them.

Neighbor Ronda Wilbur said that Dykes would be seen on his property at all hours of the day.

"It could be 2 o'clock in the morning, it could be midnight. He was out there either digging or moving dirt," she said.

As the underground standoff moved into its fourth day, tensions grow in this small community near Midland City, Ala., which is now enveloped by SWAT teams and police.

"That's an innocent kid. Let him go back to his parents, he's crying for his parents and his grandparents and he does not know what's going on," Midland City Mayor Virgil Skipper told ABC News. "Let this kid go."

Neighbor Jimmy Davis said that he has seen the bunker where Dykes has been known to hunker down for up to eight days.

"He's got steps made out of cinder blocks going down to it, Davis said. "It's lined with those red bricks all in it."

Police say he may have enough supplies to last him weeks.

Former FBI profiler and ABC News consultant Brad Garrett said there's a distinct reason why authorities are keeping details about Dykes under wraps.

"One of reasons they are keeping negations closed and not releasing his picture, is to try to insulate the situation, so they don't have a situation where they don't have to deal with his anger and rage," he said.

Meanwhile, children are trying to understand why this happened to their friend

"He always comes up to my house to play," 10-year-old Trisha Beaty told ABC News. "I miss him. I miss him a lot."

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Syria warns of "surprise" response to Israel attack

BEIRUT/AMMAN (Reuters) - Syria warned on Thursday of a possible "surprise" response to Israel's attack on its territory and Russia condemned the air strike as an unprovoked violation of international law.

Damascus could take "a surprise decision to respond to the aggression of the Israeli warplanes", Syrian ambassador to Lebanon Ali Abdul-Karim Ali said a day after Israel struck against Syria.

"Syria is engaged in defending its sovereignty and its land," Ali told a website of the Lebanese militant group Hezbollah. Syria and Israel have fought several wars and in 2007 Israeli jets bombed a suspected Syrian nuclear site, without a military response from Damascus.

Diplomats, Syrian rebels and regional security sources said on Wednesday that Israeli jets had bombed a convoy near the Lebanese border, apparently hitting weapons destined for Hezbollah. Syria denied the reports, saying the target had been a military research center northwest of Damascus.

Hezbollah, which has supported Syrian President Bashar al-Assad as he battles an armed uprising in which 60,000 people have been killed, said Israel was trying to thwart Arab military power and vowed to stand by its ally.

"Hezbollah expresses its full solidarity with Syria's leadership, army and people," said the group which fought an inconclusive 34-day war with Israel in 2006.

Israel has remained silent on the attack and there has been little reaction from its Western backers, but Syria's allies in Moscow and Tehran were quick to denounce the strike.

Russia, which has blocked Western efforts to put pressure on Syria at the United Nations, said that any Israeli air strike would amount to unacceptable military interference.

"If this information is confirmed, then we are dealing with unprovoked attacks on targets on the territory of a sovereign country, which blatantly violates the U.N. Charter and is unacceptable, no matter the motives to justify it," the Foreign Ministry said in a statement.

Iranian deputy foreign minister Hossein Amir Abdullahian said the attack "demonstrates the shared goals of terrorists and the Zionist regime", Fars news agency reported. Assad portrays the rebels fighting him as foreign-backed, Islamist terrorists, with the same agenda as Israel.

"It is necessary for the sides which take tough stances on Syria to now take serious steps and decisive stances against this aggression by Tel Aviv and uphold criteria for security in the region," Abdullahian said.

An aide to Supreme Leader Ayatollah Ali Khamenei said on Saturday that Iran would consider any attack on Syria as an attack on itself, but Abdullahian made no mention of retaliation.

Hezbollah said the attack showed that the conflict in Syria was part of a scheme "to destroy Syria and its army and foil its pivotal role in the resistance front (against Israel)".

BLASTS SHOOK DISTRICT

Details of Wednesday's strike remain sketchy and, in parts, contradictory. Syria said Israeli warplanes, flying low to avoid detection by radar, crossed into its airspace from Lebanon and struck the Jamraya military research centre.

But the diplomats and rebels said the jets hit a weapons convoy heading from Syria to Lebanon, apparently destined for Assad's ally Hezbollah, and the rebels said they - not Israel - hit Jamraya with mortars.

The force of the dawn attack shook the ground, waking nearby residents from their slumber with up to a dozen blasts, two sources in the area said.

"We were sleeping. Then we started hearing rockets hitting the complex and the ground started shaking and we ran into the basement," said a woman who lives adjacent to the Jamraya site.

The resident, who declined to be named because of the sensitivity over Israel's reported strike on Wednesday morning, said she could not tell whether the explosions which woke her were the result of an aerial strike.

Another source who has a relative working inside Jamraya reported that a building inside the complex had been cordoned off after the attack and that flames were seen rising from the area after the attack.

"It appears that there were about a dozen rockets that appeared to hit one building in the complex," the source, who also asked not to be identified, told Reuters. "The facility is closed today."

Israeli newspapers quoted foreign media on Thursday for reports on the attack. Journalists in Israel are required to submit articles on security and military issues to the censor, which has the power to block any publication of material it deems could compromise state security.

Syrian state television said two people were killed in the raid on Jamraya, which lies in the 25-km (15-mile) strip between Damascus and the Lebanese border. It described it as a scientific research centre "aimed at raising the level of resistance and self-defense".

Diplomatic sources from three countries told Reuters that chemical weapons were believed to be stored at Jamraya, and that it was possible that the convoy was near the large site when it came under attack. However, there was no suggestion that the vehicles themselves had been carrying chemical weapons.

"The target was a truck loaded with weapons, heading from Syria to Lebanon," said one Western diplomat, echoing others who said the convoy's load may have included anti-aircraft missiles or long-range rockets.

The raid followed warnings from Israel that it was ready to act to prevent the revolt against Assad leading to Syria's chemical weapons and modern rockets reaching either his Hezbollah allies or his Islamist enemies.

A regional security source said Israel's target was weaponry given by Assad's military to fellow Iranian ally Hezbollah.

"This episode boils down to a warning by Israel to Syria and Hezbollah not to engage in the transfer of sensitive weapons," the source said. "Assad knows his survival depends on his military capabilities and he would not want those capabilities neutralized by Israel - so the message is this kind of transfer is simply not worth it, neither for him nor Hezbollah."

Such a strike or strikes would fit Israel's policy of pre-emptive covert and overt action to curb Hezbollah and does not necessarily indicate a major escalation of the war in Syria. It does, however, indicate how the erosion of the Assad family's rule after 42 years is seen by Israel as posing a threat.

Israel this week echoed concerns in the United States about Syrian chemical weapons, but its officials say a more immediate worry is that the civil war could see weapons that are capable of denting its massive superiority in airpower and tanks reaching Hezbollah; the group fought Israel in 2006 and remains a more pressing threat than its Syrian and Iranian sponsors.

(Additional reporting by Mariam Karouny and Oliver Holmes in Beirut, Gabriela Baczynska in Moscow and Marcus George in Dubai; editing by David Stamp)

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Staff 'live-tweet' sackings at UK retailer HMV

LONDON: Staff at collapsed British music retailer HMV hijacked the company's official Twitter account on Thursday to warn they were being sacked en masse.

The tweets were swiftly deleted but within minutes, administrators Deloitte confirmed 190 redundancies had been made across HMV's head office and distribution network as a "necessary step in restructuring the business".

On the official @HMVtweets account, the outgoing staff in the human resources (HR) department began with a strangely upbeat message reading: "We're tweeting live from HR where we're all being fired! Exciting!!"

Further messages followed: "There are over 60 of us being fired at once! Mass execution, of loyal employees who love the brand.

"Sorry we've been quiet for so long. Under contract, we've been unable to say a word, or -- more importantly -- tell the truth."

HMV management began to take note as word spread across Twitter -- @HMVtweets had more than 60,000 followers before it was hijacked -- of what was happening.

"Just overheard our Marketing Director (he's staying, folks) ask "How do I shut down Twitter?" said the next message.

It went on to insist that "under usual circumstances, we'd never dare do such a thing as this. However, when the company you dearly love is being ruined... and those hard working individuals, who wanted to make hmv great again, have mostly been fired, there seemed no other choice."

HMV was Britain's last remaining high-street music and video retailer but it called in the administrators this month after finally succumbing to heavy debts and unrelenting pressure from online rivals such as Amazon and iTunes.

Last week, US-based restructuring firm Hilco announced it had agreed to buy the retailer's considerable debt, effectively taking control of the company and its 4,350 employees.

Confirming the 190 redundancies in a statement, Deloitte joint administrator Nick Edwards said: "Although such decisions are always difficult, it is a necessary step in restructuring the business to enhance the prospects of securing its future as a going concern."

- AFP/jc

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Lokpal Bill: What it now entails

NEW DELHI: Salient points of the new Lokpal Bill that was cleared on Thursday by the Union Cabinet headed by the Prime Minister Manmohan Singh:

* The Lokpal at the centre has been delinked from Lokayukta in the states.

* State government will have to enact a law for setting up Lokayukta within a year of the central government passing the Lokpal bill.

* The prime minister's office will be under the Lokpal, with some riders related to national security and external affairs.

* Officials facing a preliminary probe will be given a hearing.

* Lokpal will have no power to transfer Central Bureau of Investigation (CBI) officials investigating a case referred by it.

* Director prosecution of the CBI will be selected by the chief vigilance commissioner.

* The selection panel for the Lokpal will comprise the prime minister, speaker and leader of opposition in Lok Sabha, Chief Justice of India and an eminent jurist.

* Prime minister, the leader of opposition in the lower house and the chief justice of India will select the CBI director.

* Charitable institutions aided by the government will come under Lokpal.

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Sex to burn calories? Authors expose obesity myths

Fact or fiction? Sex burns a lot of calories. Snacking or skipping breakfast is bad. School gym classes make a big difference in kids' weight.

All are myths or at least presumptions that may not be true, say researchers who reviewed the science behind some widely held obesity beliefs and found it lacking.

Their report in Thursday's New England Journal of Medicine says dogma and fallacies are detracting from real solutions to the nation's weight problems.

"The evidence is what matters," and many feel-good ideas repeated by well-meaning health experts just don't have it, said the lead author, David Allison, a biostatistician at the University of Alabama at Birmingham.

Independent researchers say the authors have some valid points. But many of the report's authors also have deep financial ties to food, beverage and weight-loss product makers — the disclosures take up half a page of fine print in the journal.

"It raises questions about what the purpose of this paper is" and whether it's aimed at promoting drugs, meal replacement products and bariatric surgery as solutions, said Marion Nestle, a New York University professor of nutrition and food studies.

"The big issues in weight loss are how you change the food environment in order for people to make healthy choices," such as limits on soda sizes and marketing junk food to children, she said. Some of the myths they cite are "straw men" issues, she said.

But some are pretty interesting.

Sex, for instance. Not that people do it to try to lose weight, but claims that it burns 100 to 300 calories are common, Allison said. Yet the only study that scientifically measured the energy output found that sex lasted six minutes on average — "disappointing, isn't it?" — and burned a mere 21 calories, about as much as walking, he said.

That's for a man. The study was done in 1984 and didn't measure the women's experience.

Among the other myths or assumptions the authors cite, based on their review of the most rigorous studies on each topic:

—Small changes in diet or exercise lead to large, long-term weight changes. Fact: The body adapts to changes, so small steps to cut calories don't have the same effect over time, studies suggest. At least one outside expert agrees with the authors that the "small changes" concept is based on an "oversimplified" 3,500-calorie rule, that adding or cutting that many calories alters weight by one pound.

—School gym classes have a big impact on kids' weight. Fact: Classes typically are not long, often or intense enough to make much difference.

—Losing a lot of weight quickly is worse than losing a little slowly over the long term. Fact: Although many dieters regain weight, those who lose a lot to start with often end up at a lower weight than people who drop more modest amounts.

—Snacking leads to weight gain. Fact: No high quality studies support that, the authors say.

—Regularly eating breakfast helps prevent obesity. Fact: Two studies found no effect on weight and one suggested that the effect depended on whether people were used to skipping breakfast or not.

—Setting overly ambitious goals leads to frustration and less weight loss. Fact: Some studies suggest people do better with high goals.

Some things may not have the strongest evidence for preventing obesity but are good for other reasons, such as breastfeeding and eating plenty of fruits and vegetables, the authors write. And exercise helps prevent a host of health problems regardless of whether it helps a person shed weight.

"I agree with most of the points" except the authors' conclusions that meal replacement products and diet drugs work for battling obesity, said Dr. David Ludwig, a prominent obesity research with Boston Children's Hospital who has no industry ties. Most weight-loss drugs sold over the last century had to be recalled because of serious side effects, so "there's much more evidence of failure than success," he said.

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Online:

Obesity info: http://www.cdc.gov/obesity/data/trends.html

New England Journal: http://www.nejm.org

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Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP

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Negotiations Drag Out for 5-Year-Old Hostage

An Alabama community is on edge today, praying for a 5-year-old boy being held hostage by a retired man who police say abducted him at gunpoint Tuesday afternoon.

Nearly 40 hours have slowly passed since school bus driver Charles Albert Poland Jr., 66, heroically tried to prevent the kidnapping, but was shot to death by suspect Jimmy Lee Dykes, a former truck driver, police said.

Dykes boarded the bus Tuesday and said he wanted two boys, 6 to 8 years old. As the children piled to the back of the bus, Dykes, 65, allegedly shot Poland four times, then grabbed the child at random and fled, The Associated Press reported.

Worst Hostage Crises: Some of the World's Worst Situations

The primary concern in the community near Midland City, Ala., is now for the boy's safety. Dale County police have not identified the child.

Mickey Welsh/Montgomery Advertiser/AP

Alabama Child Hostage Situation: School Bus Driver Killed Watch Video

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"I believe in prayer, so I just pray that we can resolve this peacefully," Dale County sheriff Wally Olson said.

The boy is being held in a bunker about 8 feet below ground, where police say Dykes likely has enough food and supplies to remain underground for weeks. Dykes has been communicating with police through a pipe extending from the bunker to the surface.

It is unclear whether he has made any demands from the bunker-style shelter on his property.

The young hostage is a child with autism. Dykes has allowed the boy to watch television, and have some medication, police said

Multiple agencies have responded to the hostage situation, Dale County Sheriff Wally Olson said. The FBI has assumed the lead in the investigation, and SWAT teams were surrounding the bunker.

"A lot of law enforcement agencies here doing everything they possibly can to get this job done," Olson said.

Former FBI lead hostage negotiator Chris Voss said that authorities must proceed with caution.

"You make contact as quickly as you can, but also as gently as you can," he said. "You don't try to be assertive; you don't try to be aggressive."

Voss said patience is important in delicate situations such as this.

"The more patient approach they take, the less likely they are to make mistakes," he said.

"They need to move slowly to get it right, to communicate properly and slowly and gently unravel this."

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Egypt curfew scaled back as Mursi seeks end to bloodshed

CAIRO/BERLIN (Reuters) - Authorities in an Egyptian city scaled back a curfew imposed by President Mohamed Mursi, and the Islamist leader cut short a visit to Europe on Wednesday to deal with the deadliest violence in the seven months since he took power.

Two more protesters were shot dead before dawn near Cairo's central Tahrir Square on Wednesday, a day after the army chief warned that the state was on the brink of collapse if Mursi's opponents and supporters did not end street battles.

More than 50 people have been killed in the past seven days of protests by Mursi's opponents, raising global concern over whether the Islamist leader can restore stability to the most populous Arab country.

Mursi imposed a curfew and a state of emergency on three Suez Canal cities on Sunday but that only seemed to further provoke crowds in a week of unrest marking the second anniversary of the uprising that toppled Hosni Mubarak.

The governor of Ismailia, one of the three canal cities, said on Wednesday he was scaling back the curfew, which would now take effect nightly from 2:00 a.m. instead of 9:00 p.m..

Mursi, speaking in Berlin before hurrying home to deal with the crisis, called for dialogue with opponents but would not commit to their demand that he first agree to include them in a unity government.

Asked about that proposal, he said the next government would be formed after parliamentary elections in April.

Egypt was on its way to becoming "a civilian state that is not a military state or a theocratic state", Mursi said.

The violence at home forced Mursi to scale back his European visit, billed as a chance to promote Egypt as a destination for foreign investment. He flew to Berlin but called off a trip to Paris and was due back home after only a few hours in Europe.

Chancellor Angela Merkel, who met him, echoed other Western leaders who have called on him to give his opponents a voice.

"One thing that is important for us is that the line for dialogue is always open to all political forces in Egypt, that the different political forces can make their contribution, that human rights are adhered to in Egypt and that of course religious freedom can be experienced," she said at a joint news conference with Mursi.

SPIRIT OF REVOLUTION

Mursi's critics accuse him of betraying the spirit of the revolution by keeping too much power in his own hands and those of his Muslim Brotherhood, the Islamist movement banned under Mubarak which won repeated elections since the 2011 uprising.

Mursi's supporters say the protesters want to overthrow Egypt's first democratically elected leader. The current unrest has deepened an economic crisis that saw the pound currency tumble in recent weeks.

Near Cairo's Tahrir Square on Wednesday morning, dozens of protesters threw stones at police who fired back teargas, although the scuffles were brief.

"Our demand is simply that Mursi goes, and leaves the country alone. He is just like Mubarak and his crowd who are now in prison," said Ahmed Mustafa, 28, a youth who had goggles on his head to protect his eyes from teargas.

Opposition politician Mohamed ElBaradei called for a meeting of the president, ministers, the ruling party and the opposition to halt the violence. But he also restated the precondition that Mursi first commit to seeking a national unity government.

The worst violence has been in the Suez Canal city of Port Said, where rage was fuelled by death sentences passed against soccer fans for roles in deadly riots last year.

After decades in which the West backed Mubarak's military rule of Egypt, the emergence of an elected Islamist leader in Cairo is probably the single most important change brought about by the wave of Arab revolts over the past two years.

Mursi won backing from the West last year for his role in helping to establish a ceasefire between Israel and Palestinians that ended a conflict in Gaza. But he then followed that with an effort to fast-track a constitution that reignited dissent at home and raised global concern over Egypt's future.

Western countries were alarmed this month by video that emerged showing Mursi making vitriolic remarks against Jews and Zionists in 2010 when he was a senior Brotherhood official.

German Foreign Minister Guido Westerwelle said ahead of Mursi's visit that the remarks, in which Mursi referred to Zionists as "descendants of apes and pigs" were "unacceptable".

"NOT AGAINST JEWS"

Asked about those remarks at the news conference with Merkel, Mursi repeated earlier explanations that they had been taken out of context.

"I am not against the Jewish faith," he said. "I was talking about the practices and behavior of believers of any religion who shed blood or who attack innocent people or civilians. That's behavior that I condemn."

"I am a Muslim. I'm a believer and my religion obliges me to believe in all prophets, to respect all religions and to respect the right of people to their own faith," he added.

Egypt's main liberal and secularist bloc, the National Salvation Front, has so far refused talks with Mursi unless he promises a unity government including opposition figures.

"Stopping the violence is the priority, and starting a serious dialogue requires committing to guarantees demanded by the National Salvation Front, at the forefront of which are a national salvation government and a committee to amend the constitution," ElBaradei said on Twitter.

Those calls have also been backed by the hardline Islamist Nour party - rivals of Mursi's Brotherhood. Nour and the Front were due to meet on Wednesday, signaling an unlikely alliance of Mursi's critics from opposite ends of the political spectrum.

Brotherhood leader Mohamed El-Beltagy dismissed the unity government proposal as a ploy for the Front to take power despite having lost elections. On his Facebook page he ridiculed "the leaders of the Salvation Front, who seem to know more about the people's interests than the people themselves".

In a sign of the toll the unrest is having on Egypt's economy, ratings agency Fitch downgraded its sovereign rating by one notch to B on Wednesday.

German industry leaders see potential in Egypt but are concerned about political instability.

"At the moment many firms are waiting on political developments and are cautious on any big investments," said Hans Heinrich Driftmann, head of Germany's Chamber of Industry and Commerce.

(Additional reporting by Yasmine Saleh and Marwa Awad in Cairo, Stephen Brown and Gernot Heller in Berlin and Arshad Mohammed in Washington; Writing by Peter Graff; Editing by Peter Millership)

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Thai tycoon takes majority control of Singapore's F&N

SINGAPORE: A Thai tycoon has clinched majority control of Singapore conglomerate Fraser and Neave (F&N), making his offer to fully takeover the company unconditional.

TCC Assets, owned by Thai billionaire Charoen Sirivadhanabhakdi, said in a statement late Wednesday that its stake in F&N stands at 50.92 per cent after further purchases in the stock market and more shareholders accepting its offer.

With majority control now in the hands of the Thai parties, "accordingly, the F&N offer has become unconditional in all respects," the statement added.

TCC Assets is offering to buy F&N shares it does not already own at S$9.55 apiece, valuing the drinks, property and publishing conglomerate at S$13.75 billion.

The deadline for the rest of the shareholders to accept the offer was extended from February 4 to February 18, according to the statement.

Indonesia-led property firm Overseas Union Enterprise (OUE) averted a bidding war earlier this month when it declined to match the offer by the Thais. OUE is linked to Indonesian tycoon Mochtar Riady.

The takeover is said to be the biggest in Singapore's corporate history if it pushes through.

F&N became a takeover target after it sold off its most prized asset, Tiger Beer maker Asia Pacific Breweries, to Dutch giant Heineken in September.

It still has lucrative beverages, property and publishing operations.

Analysts believe more shareholders are likely to accept the offer as it is the only bid on the table.

The market however is closely watching whether Japanese brewer Kirin, which holds a 15 per cent stake in F&N, will sell its interests or remain a minority shareholder.

Kirin had allied itself with OUE in the bidding war. Its 15 per cent stake is worth more than S$2.0 billion at the rate offered by TCC Assets.

Charoen's TCC Group has a real estate unit, and the tycoon also owns Thai Beverage, which sells Chang beer.

- AFP/jc

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