"Actually, no American company made an offer to the British firm to buy the port contracts."
I understand that the price offered by DP World, reportedly $6.8 billion, so far outstripped anything anybody else was willing to pay, or even though could be made profitable, that everyone else dropped out of the bidding.
You know, the DPW port offer sounds a little large for what they would be getting. You don't guess the Islamists in charge of things in Dubai were willing to pay a premium to get some eyes and ears on the ground at Norfolk and Beaumont to keep tabs on the US military, do you?
Between the ports deal and the open borders......well, I don't want to start whaling on the administration right before supper.
PSA (A Singapore company) got into the bidding at the last minute, but lost out.
Concern was growing last night over the sale of P&O, amid claims that a possible takeover by Singapore's state-owned ports business (PSA) would hand it and its Chinese allies an effective monopoly over Britain's container ports.Martin O'Neil, former chairman of the trade and industry select committee, said yesterday that he was concerned that the Singaporean group, PSA, and its strategic partners could gain control of more than 90% of Britain's deep-sea container docks. "