WSC appoints Soren Toft and Randy Chen as new chair and vice chair
MSC boss Soren Toft and Randy Chen, vice chairman of Wan Hai, have become chair ...
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© Mihai Andritoiu
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A couple of things caught the attention of our marketplace in the immediate aftermath of the announcement that the world’s dominant container line, Mediterranean Shipping Company (MSC), is set to take majority control* of Brazil’s Wilson Sons (WS) in a deal initially worth almost $770m, that will ultimately value the target at $1.43bn, on a fully diluted basis.
(*Via a 56.47% stake; putting the target’s market cap $50m lower at $1.38bn on a non-fully diluted basis, as previously assumed here on ...
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