M&A radar: It's overwhelming – FedEx takeover appeal gets thumbs-up
From yaaaawn to yaaaawn… no more
The China Cosco/OOCL saga is officially over – or is it?
On the stock market, the price of OOIL today hovers around HK$72 (US$9.2), after peaking at a multi-year high of HK$75 when the news hit the wires.
Its current level is 8.4% below the value of the joint offer put forward by Cosco and Shanghai International Port Group (SIPG), which means investors do not think a counter bid – let alone a bidding war – is at all likely.
But it also might ...