M&A radar: It's overwhelming – FedEx takeover appeal gets thumbs-up
From yaaaawn to yaaaawn… no more
Some 70 years after it was founded by CY Tung, market reports have again emerged that suggest Hong Kong-based OOCL could soon cease to exist as one of the largest, independent container shipping lines in the east and join the Cosco Shipping Holdings family.
As it did earlier this year, OOCL reportedly dismissed takeover talk as rumours.
However, if latest reports are right (and even if they aren’t, surely a takeover cannot be permanently ruled out?), its prized brand could fall into the hands of ...