MSC ship first in line for delays with Montreal dockers set for Sunday strike
Strike action is set to resume at Canada’s largest container gateway, Montreal, after the Maritime ...
It didn’t come unexpected, did it?
After takeover talk that started in mid-2023, with Wilson Sons stock trading at BRL10.5 on 9 June last year, the Brazilian conglomerate, now worth $1.38bn in market cap, has finally been taken over by container shipping leader Mediterranean Shipping Company (MSC), which was originally rumoured to be the likely buyer well over a year ago.
Implied premium to the target’s unaffected share price, on that basis: +66.3%.
For more background on the sale and the target’s business ...
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