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)

Copyright (c) 2024 Dow Jones & Company, Inc.

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(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2024 17:40 ET (22:40 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7058","symbol_name":"航空貨運與物流","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482762479","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482762479","pubTimestamp":1731364800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2239 GMT - DP World's takeover offer for Silk Logistics looks full and reasonable to Shaw & Partners. 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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"}}}