• ITVI.USA
    15,285.200
    -0.340
    0%
  • OTLT.USA
    2.779
    0.003
    0.1%
  • OTRI.USA
    21.420
    -0.030
    -0.1%
  • OTVI.USA
    15,255.990
    -0.630
    0%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,285.200
    -0.340
    0%
  • OTLT.USA
    2.779
    0.003
    0.1%
  • OTRI.USA
    21.420
    -0.030
    -0.1%
  • OTVI.USA
    15,255.990
    -0.630
    0%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

P&O stockholders approve P&O Nedlloyd sale

P&O stockholders approve P&O Nedlloyd sale

   Stockholders of London-based partner Peninsular & Oriental Steam Navigation Co. today overwhelmingly overwhelmingly approved the sale of its 50-percent stake in P&O Nedlloyd.

   At an extraordinary general meeting held earlier today, P&O stockholders cast proxy votes of 384 million in favor and 0.6 million against.

   The vote was one of the steps required to allow P&O and Royal Nedlloyd to complete a $602-million deal that will turn the container-shipping joint venture into an independent, stock market-listed company.

   On completion of the buyout, P&O will own 25 percent of Royal Nedlloyd, to be renamed Royal P&O Nedlloyd. Royal P&O Nedlloyd will consolidate P&O Nedlloyd Container Line as a 100-percent subsidiary.

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