NOL Takeover Talks Fail to Lift Share Price, Highlights Market Scepticism Over a Sale

Ship & Bunker 

Despite confirming on Saturday it was in takeover talks with both CMA CGM S.A. (CMA CGM) and A.P. Moeller-Maersk A/S (Maersk), Singapore-based Neptune Orient Lines Ltd. (NOL) Thursday saw it's share price slip back to S1.035, lower than the $1.055 it was on Monday. While last weekend's confirmation of talks along with reports that a preliminary offer had been made gave the share price a brief 6 percent boost in early trading, it failed to stick, and ultimately closed only a whisper higher than Friday's pre-announcement close price of S$1.045. Despite some analyst observations that the price had "jumped" to its highest since May - which was of course true - Monday's close of $1.055 was an improvement on the $1.050 achieved on both the 15th and 23rd of October by only the smallest of margins.

Logistics Chennai,International Freight Forwarders in Chennai, Custom Clearance Agents in Chennai , Checkout http://www.jupiterseaair.com