M&A radar: All of a sudden, a deal spike – Japan leads
Run baby run
Initially rumoured in March, the takeover of Genesee & Wyoming (G&W) was finally announced on Monday, valuing the target at $8.4bn, including net debt and adjusted by minorities.
Unsurprisingly, the deal received the backing of the board of G&W, as the offer by a consortium of infrastructure and logistics specialists represents almost five years of steady underlying earnings growth, assuming constant trading multiples for adjusted operating cash flows, or ebitda.
Value
At $8.4bn the deal is not incredibly rich – based on its latest ...
Hapag books $4.7bn Q1 profit, but the outlook is uncertain as costs rise
Carriers ramp up blank sailings as China lockdowns persist
CMA CGM offers cash incentive for returning containers early
Inditex lobbies for Maersk to win contract to run new Bangladesh terminal
ONE and Evergreen launch cross-alliance slot-charter transpac deal
Port of Colombo resumes operations after 20-hour labour strike
Lockdowns driving multinational soul-searching on staying in China
One-third of foreign workers look set to leave China this summer
Cargolux highs and lows: running a freight airline not for the faint-hearted
Congestion and rates drove huge modal shift to air freight last year
Del Monte says 'yes' to opening vessel capacity to third-party shippers
Carriers continue to report big returns, but the horizon looks murky
Comment on this article