Bidding war looms over P&O

The prospect of a multi-billion euro bidding war for ports and ferries group P&O was fuelled today by reports that a second firm was considering an offer.

Bidding war looms over P&O
Sun, 06 Nov, 2005 - 16:06

The prospect of a multi-billion euro bidding war for ports and ferries group P&O was fuelled today by reports that a second firm was considering an offer.

P&O received a bid approach last weekend from a party thought to be Dubai Ports World (DPW) which sent its shares soaring 30% to a five-year high of 400p.

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CourtsBusinessHeathrowPlace: Hong KongPlace: DenmarkPlace: Shell HavenPlace: Thames GatewayPlace: SouthamptonPlace: TilburyPlace: UKPlace: CanadaEvent: ChristmasOrganisation: P&OOrganisation: Dubai Ports WorldOrganisation: DPWOrganisation: Singapore governmentOrganisation: TemasekOrganisation: &O.Organisation: P&O.Organisation: Port of Singapore AuthorityOrganisation: Hutchison PortsOrganisation: Hutchison WhampoaOrganisation: AP Moller-MaerskOrganisation: Dubai Ports, Customs and Free Zone AuthorityOrganisation: Versacold Holdings
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