To: jackbenimble
I doubt it. P&O is a massive company and this has already gone through so much regulatory scrutiny in the UK that the legal standpoint of the newly merged company is strong to hold existing contracts. Just a little information that I'm sure most haven't read:
http://production.investis.com/po/rns/rnsitem?id=1133247817nRNSc8063U
http://production.investis.com/po/rns/rnsitem?id=1133247826nRN2c8063U
http://production.investis.com/po/rns/rnsitem?id=1133247821nRN1c8063U
These are the terms of sale of P&O to DPI.
215 posted on
02/23/2006 1:33:02 PM PST by
mnehring
(Perry 06- It's better than a hippie in a cowboy hat or a commie with blue hair.)
To: mnehrling
I doubt it. P&O is a massive company and this has already gone through so much regulatory scrutiny in the UK that the legal standpoint of the newly merged company is strong to hold existing contracts. Any assignment of those contracts from P&O to another entity is apparently subject to approval by the US Government or we would not be having this discussion.
I don't know how much regulatory scrutiny you are talking about but apparently as recently as January 26, P&O was willing to reverse course on this deal and sell to Singapore's PSA.
P&O agrees to $6.4 bln bid by Singapore's PSA
I just can believe that any irrevocable regulatory scrutiny by the British government got done in the last three weeks. Stuff like that does not move that fast for a massive company.
268 posted on
02/23/2006 1:53:29 PM PST by
jackbenimble
(Import the third world, become the third world)
To: mnehrling
Interesting. This section seems to apply in this case: 2.13.4 no steps having been taken which are reasonably likely to result in the withdrawal, cancellation, termination or material modification of any licence held by any member of the wider P&O Group which is material in the context of the wider P&O Group taken as a whole;
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