Oct 10 (Reuters) - Fraser and Neave, Ltd :
* Says independent financial advisor found the F&N offer of S$8.88 per share
"not compelling, though fair"
* Says F&N directors who hold shares intend not to accept f&n offer by tcc assets unless F&N offer turns unconditional
* Says TCC assets offer of S$8.88,at low end of range of estimated sum-of-parts
valuation of between S$8.30 & S$11.22
* Further company coverage
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