Seko Logistics appoints Ursula Wallace to head up North America ocean freight
Seko Logistics has appointed veteran forwarder Ursula Wallace (above) to head its ocean product, North ...
A banker’s dream, when he leads a challenging deal that aims for a top-end valuation, is to be able to share news with his investors that could render it a deal to remember.
So, can you imagine what kind of boost the arrangers of an IPO can get when a listing is launched along with the announcement that a trade buyer is snapping up a large stake in the business?
Enter CMA CGM and CEVA Logistics: quite simply, today’s announcement that the ocean ...
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Don't chase that final dollar, warning to shippers delaying signing new contracts
Flexport's newly liveried aircraft ready as business looks up
Comment on this article
Alan
April 24, 2018 at 7:04 amBut by having CMA as a large shareholder, you remove the chance that trade buyers will eventually bid for CEVA, so you remove the chance that it’s new other shareholders will ever receive a takeover premium. CMA acquire effective control, without paying a premium
Ale Pasetti
April 25, 2018 at 1:53 amThat is true, Alan. There’s no/ M&A premium priced-in at IPO, in fact. This remains a working capital story, one with a much-stronger BS than pre-IPO.