P&O in takeover battle

Ports and ferries business P&O was at the centre of a takeover battle tonight after receiving an approach from a Singapore-based ports firm.

P&O in takeover battle
Tue, 10 Jan, 2006 - 18:26

Ports and ferries business P&O was at the centre of a takeover battle tonight after receiving an approach from a Singapore-based ports firm.

The move by state-owned PSA International values the shipping firm at 470p a share – around £3.5bn (€5bn) – beating the 443p a share offer tabled by Dubai Ports World in November.

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CourtsBusinessHeathrowPlace: SingaporeOrganisation: P&OOrganisation: PSA InternationalOrganisation: Dubai Ports WorldOrganisation: DP World
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