Walvis Bay comes into play as MSC redesigns southern Africa network
Fresh from acquiring control of the New Container Terminal, in the Namibian port of Walvis ...
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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