P&O directors recommend takeover offer

Directors of ports and ferries firm P&O jumped ship today to recommend a £3.55bn (€5.1bn) takeover offer from Singaporean rival PSA International.

P&O directors recommend takeover offer
Thu, 26 Jan, 2006 - 07:24

Directors of ports and ferries firm P&O jumped ship today to recommend a £3.55bn (€5.1bn) takeover offer from Singaporean rival PSA International.

The offer from PSA, which is wholly owned by Singapore’s state-run investment firm Temasek, trumps a previously agreed £3.3bn (€4.8bn) proposal tabled by Dubai Ports World in November.

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