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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