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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-02-06 02:16 PM
Original message
What outstanding questions do you want answered about ports deal?
Personally, I would like to know who in the British company made a killing off this sale? Was it part of the Carlyle Group? Why is that information still secret? Why should it be secret? Did Dubya make any money off this? Or some of his friends or family? We have a right to know.
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-02-06 02:31 PM
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1. I'd like to know that, too. Nice bidding war that made a few people $$$$$

http://news.independent.co.uk/business/news/article337819.ece
Singaporeans spark P&O bid battle

£3.5bn takeover approach from state-owned ports operator trumps agreed offer from Dubai

By Michael Harrison, Business Editor
Published: 11 January 2006

Britain's oldest and most famous shipping company, P&O, was at centre of an overseas bid battle last night after the port authority of Singapore made a £3.5bn takeover approach for the company.

The 470p-a-share offer from PSA International, part of Singapore's state-owned investment company Temasek, trumps a 443p-a-share bid in November from the rival Dubai port operator DP World, which has already been accepted by the board of the UK ports and ferries operator. DP World indicated it was likely to come back with a higher bid, saying it was "committed to the successful completion" of its deal with P&O.


http://quote.bloomberg.com/apps/news?pid=10000006&sid=am4I_txvJ3rU&refer=home
P&O Agrees to Singapore Acquisition, Dropping Dubai (Update5)
Jan. 26 (Bloomberg) -- Peninsular & Oriental Steam Navigation Co., Britain's largest port operator, agreed to be acquired by Singapore's biggest port company for 3.55 billion pounds ($6.3 billion), rejecting a lower offer from Dubai.

PSA International Pte, owned by Singapore's state investment company Temasek Holdings Pte, bid 470 pence for each share, London- based P&O said in a statement. DP World, the port operator owned by Dubai, the United Arab Emirates, offered 443 pence on Nov. 29.



http://www.baltimoresun.com/business/bal-bz.polondon28jan28,1,7770185.story?coll=bal-business-headlines&ctrack=1&cset=true

City port operator prefers new suitor
Associated Press
Originally published January 28, 2006
LONDON // British port operator Peninsular and Oriental Steam Navigation Co., which runs Baltimore's public terminals, switched prospective suitors for the second time after Dubai Ports World raised its offer for the company to almost $7 billion, trumping an offer from Singapore's PSA International Ltd.

News of the bidding war sent P&O's shares up almost 5 percent yesterday.
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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-02-06 02:44 PM
Response to Reply #1
2. I found the names of management but no Carlyle connection??
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