Maersk buys another 5% of P&O Nedlloyd
A.P. Moller-Maersk said Friday it has agreed to buy another 2 million shares in Royal P&O Nedlloyd, representing about 5 percent of its share capital.
The purchase is from several investors, whose names the Danish company would not disclose.
The price paid for the shares was the takeover price of 57 euros ($70) per share “minus a discount due to the fact that the purchase occurs prior to the expected completion of the offer,” A.P. Moller-Maersk said.
A.P. Moller-Maersk’s formal conditional takeover bid for Royal P&O Nedlloyd, the parent company of P&O Nedlloyd, continues.