Mr Market votes on 'better vs bigger' in forwarding
The latest ‘Blue Queen vs Pink Lady’ episode is out
Thursday 17 February was a watershed moment for cargo handler John Menzies of the UK.
We have been waiting for it for almost three years.
Up, up, up we go
The second proposal – dated 2 February* – it received from Agility-owned National Aviation Services (NAS) was worth almost £470m (equity value only = 510p a share), has been ’effectively replaced’ by a new, higher bid mark after the suitor went shopping for a 13.2% stake in Menzies at 605p.
That puts in a floor but ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
Comment on this article