M&A landscape: nothing chunky to buy, lots to break up
Inspired by the bear, threatened by the bull or vice versa?
(CORRECTION: As wrongly stated by Premium in the original copy of today’s “On the wires: Deutsche Post DHL – opportunity and curse”, the DHL GFF numbers did not include the contribution of Hillebrand, but DP DHL consolidated the target on the balance sheet at group level under “intangibles” and others, while reported financial liabilities “increased, mainly as a result of the assumption of financial liabilities from the Hillebrand acquisition” as well as higher lease liabilities. The post below reflects these changes. Apologies.)
Down a mighty 34% ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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