CMA CGM Offers S$3.4 Billion to Take Over Neptune Orient
December 7, 2015 6:24 am
CMA CGM SA has offered Singapore’s Neptune Orient Lines Ltd. about S$3.4 billion ($2.4 billion) in cash for a takeover, as it aims to strengthen its operations within Asia.
CMA CGM offered S$1.30 a share for Neptune Orient, the companies said. The offer is about 6.1% more than Neptune Orient’s last closing price of S$1.225 Friday. The price would value Neptune Orient at about S$3.4 billion, according to Bloomberg calculations.
The material has been provided by InstaForex Company – www.instaforex.com
CMA CGM SA has offered Singapore’s Neptune Orient Lines Ltd. about S$3.4 billion ($2.4 billion) in cash for a takeover, as it aims to strengthen its operations within Asia.
CMA CGM offered S$1.30 a share for Neptune Orient, the companies said. The offer is about 6.1% more than Neptune Orient’s last closing price of S$1.225 Friday. The price would value Neptune Orient at about S$3.4 billion, according to Bloomberg calculations.
The material has been provided by InstaForex Company – www.instaforex.com