P&O

Paul UK
29th November 2005, 13:22
I see P&O Ports has accepted offer from Dubai Ports World in an offer to good to refuse as stated by P&O.

Paul

Doxfordman
29th November 2005, 22:57
Watch this space:: Will Maersk take over the P&O Ferries that are left??? under the guise of Norfolk Line?? I wonder!

gdynia
29th November 2005, 23:08
How the mighty have fallen

ruud
30th November 2005, 19:35
Ahoy,

After Nedlloyd, is P&O also selling her silverware?

P&O agrees bid from Dubai Ports

The ports and ferries group P&O has agreed to its acquisition by Dubai Ports World (UAE) in a takeover deal worth GBP 3.3 billion (USD 5.7 billion). P&O said that Dubai Ports (DP World) had offered GBP 4.43 per share in cash for the company. In October, P&O announced that it had been approached by a potential bidder and speculation mounted that Dubai Ports was behind the talks. The takeover signals the end of 168 years of independence for the world's fourth-largest ports group. DP World, owned by the Dubai government, said it planned to keep P&O's headquarters in London (Great Britain) and chief executive Robert Woods would continue to head the business.