AP: Dubai Firm Expects Bids for U.S. Ports

[Eugene]

Dubai Firm Expects Bids for U.S. Ports


Monday November 27, 2006 10:46 PM

By TED BRIDIS

Associated Press Writer

WASHINGTON (AP) - A Dubai-owned company will accept final bids within two weeks
for the sale of all $700 million worth of its U.S. port operations to an American
buyer, a plan forced by concerns over terrorism security.

The U.S. subsidiary for DP World, the world's third-largest ports company, disclosed
its new sales timetable Monday in letters to U.S. lawmakers. It did not identify the
expected bidders but said they were finalizing financial arrangements.

"Bidders have already been provided with a draft of the sales contract for their
review, which will speed up the final contract negotiations," the company said in
its letter, a copy of which was obtained by The Associated Press.

The company told lawmakers it expected final bids "within the next two weeks" but
acknowledged that was subject to change, depending on the requirements by bidders.

-snip-

Full article: http://www.guardian.co.uk/worldlatest/story/0,,-6243044,00.html

[whistle]

1. Yet another Dubya cancer infecting the U.S.

[Don_1967]

2. Here we go again

[TheFarseer]

3. Everyone had a fit over this and it still goes through?!

Why does GW get his way on everything!

[lovuian]

4. Two Weeks the Republican Congress

can sanction it

[goforit]

5. Why 2 weeks? Is something up?

[Anakin Skywalker]

6. Again? I Thought This Was Over With Last Year?

[Megahurtz]

7. The BFEE gets their way yet again!

Un-fucking-believable! :mad:

[spanone]

8. It took the lawyers this long to wrangle a deal so the same people could buy it under new name.

[Morgana LaFey]

9. Didn't I read the buyer is Carlyle??

Thought I did, here.

Ah, try this: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2764352

[anotherdrew]

10. we should nationalize the Ports and use the profits to defray the need to tax n/t