I don't understand....according to your link....
''We are certainly encouraged by what the statement said,'' said Eller attorney Michael Kreitzer. ``We think we are one of the companies [who could buy it]. We have been in the business for 70 years. We could do it.''
and there are others interested as well......If that's the case, why didn't any of these American companies bid on the deal in the first place? OR,
was the 'deal' , the entire P&O package, bigger than any American company could afford and so no American company bid on it, but the American portion ONLY is affordable? So 'causing' the American portion only to be for sale NOW makes the purchase more affordable to Eller?
Id also like to know why Schumer, given his position, was not aware of this deal prior to being confronted about it?
anyone?
The bidding war between PSA and DPW for P&O's operations was quite the visible affair, and well known in the circle of companies who do shipping as their business.
I figure as a matter of business, P&O didn't want to "part out" its operations, and PSA and DPW didn't want to buy out a "part" of the business. P&O as a company NO LONGER EXISTS.
So yes, the picture is completely different on a parting out basis - cheaper to buy a wheel than to buy the whole car.
I have a bad feeling about Eller - if you've been reading my posts, you know why. I am not sure if they have the wherewithal to buy all of the US interests in what was P&O's portfolio, but that's just because I don't know the size of Eller. I suspect there are other companies, perhaps bigger ones, also poised to take a whack at this. DPW will hold out for the highest price. SSA is another company name I picture having an interest.
Id also like to know why Schumer, given his position, was not aware of this deal prior to being confronted about it?
I don't believe Schumer operates from a position of not knowing what's behind the scenes.
At any rate, the resale, if you will, of US interests of what was P&O will probably be a complicated affair of its own right.
Excellent question.
Unless Schumer was neglecting his duties he must have known that both companies bidding on P&O were owned by foreign governments.
The other company was PSA, owned (perhaps somewhat indirectly) by the Singapore government.
PSA has had a working relationship with Beijing's smuggling, gun-running company, COSCO (which operates at least one terminal in the US) and indications are that COSCO and PSA intend to work closely together in the future.
Would Schumer have objected to a PSA takeover of P&O?
Peter King must have been aware of the implications of a P&O sale, too....unless he is totally inept.