Wooden Blocks With Mergers And Acquisitions Text On Chess Board

BLOOMBERG reports:

China International Marine Containers Group Co. and Midea Group Co. are among suitors entering into the next round of bidding for A.P. Moller-Maersk A/S’s refrigerated container business, which could be valued at as much as $1 billion, people with knowledge of the matter said.

US air conditioning giant Carrier Global Corp. and transport temperature-control systems manufacturer Thermo King Corp. are also proceeding into the second round, the people said. Japan’s Daikin Industries Ltd. and buyout firm Triton were invited to submit offers as well, one of the people said.

Maersk plans to collect binding bids by late July, according to the people, who asked not to be identified as the information is private. Deliberations are ongoing and the companies could decide against making any offers, they added…

To read the full story, please click here.

Our previous coverage from March is here: “Maersk MCI sale rumours – can’t stand the heat, get in the freezer“.

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