'Opportunistic' takeover bid for UK Royal Mail rebuffed
UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire ...
REUTERS reports:
Chinese logistics giant SF Holdings Co is in talks to take Hong Kong-listed Kerry Logistics Networks Ltd private, in the sector’s latest consolidation attempt, four people with knowledge of the matter told Reuters.
SF is preparing to offer a decent premium to Kerry’s current trading price, said one of the people, who declined to be named as the information is confidential.
In the past six months, buyers have paid an average premium of 38.1% to a Hong Kong-listed company’s average 1-month share price to take them private, according to Refinitiv, a unit of the London Stock Exchange. Based on that, a take-private of Kerry Logistics would cost SF about HK$23.27 a share.
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Bloomberg wrote: “Chinese Courier SF Eyes Stake in $5 Billion Kerry Logistics“.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
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