Comment / Analysis: Cosco's acquisition of OOCL – the most expensive in liner history?

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The China Cosco/OOCL saga is officially over – or is it?

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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 ...