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High Court bid to block P&O deal (US company will try to block) [View All]

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Amonester

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Sun Feb-26-06 04:00 PM
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High Court bid to block P&O deal (US company will try to block)

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From BBC News site:

High Court bid to block P&O deal

A US company will try to block the controversial £3.9bn ($6.8bn) takeover of shipping giant P&O by a Dubai firm in the High Court in London on Monday.

Miami-based Eller & Co has lodged a petition arguing the purchase by Dubai Ports World may harm its interests.

Dubai Ports World (DPW) has meanwhile agreed to a 45-day review of the security implications of the deal in an effort to assuage US concerns.

The company said it was surprised by the outcry over the bid.

More: http://news.bbc.co.uk/2/hi/business/4752524.stm

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