DP World's Offer for Silk Logistics Looks 'Full, Reasonable' -- Market Talk

Dow Jones

2024-11-12

2239 GMT - DP World's takeover offer for Silk Logistics looks full and reasonable to Shaw & Partners. DP World has bid A$2.14/share in cash, enough to secure the unanimous support of Silk Logistics's board. Also, shareholders owning some 46% of stock have signaled their intention to vote in favor of a deal. Shaw had a target price of A$2.10/share on Silk Logistics prior to the deal being announced. It moves to hold, from buy, as a result. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 11, 2024 17:40 ET (22:40 GMT)

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DP World has bid A$2.14/share in cash, enough to secure the unanimous support of Silk Logistics's board. Also, shareholders owning some 46% of stock have signaled their intention to vote in favor of a deal. Shaw had a target price of A$2.10/share on Silk Logistics prior to the deal being announced. It moves to hold, from buy, as a result. 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DP World has bid A$2.14/share in cash, enough to secure the unanimous support of Silk Logistics's board. Also, shareholders owning some 46% of stock have signaled their intention to vote in favor of a deal. Shaw had a target price of A$2.10/share on Silk Logistics prior to the deal being announced. It moves to hold, from buy, as a result. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7058":"航空货运与物流","NEX.SI":"绿达环球有限公司","BK6039":"环境与设施服务","BK6520":"工商业服务概念","SLH.AU":"SILK LOGISTICS HOLDINGS LTD"},"translate_title":"迪拜环球港务集团对丝绸物流的报价看起来“充分、合理”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEX.SI":1,"SLH.AU":0.9},"content_text":"2239 GMT - DP World's takeover offer for Silk Logistics looks full and reasonable to Shaw & Partners. DP World has bid A$2.14/share in cash, enough to secure the unanimous support of Silk Logistics's board. Also, shareholders owning some 46% of stock have signaled their intention to vote in favor of a deal. Shaw had a target price of A$2.10/share on Silk Logistics prior to the deal being announced. It moves to hold, from buy, as a result. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 11, 2024 17:40 ET (22:40 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}