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To: jec41

He said all of DP World's stuff. The report specifically said they were willing to pay 200 million for it, and then pointed out that the current value was 500 million MORE than that.

It sure sounded like Eller was hoping to get the whole thing cheap. This would happen if Congress forced DP World to sell to a U.S. company, and Eller was the only one willing to offer any money.


62 posted on 03/15/2006 5:40:43 AM PST by CharlesWayneCT
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To: CharlesWayneCT
It sure sounded like Eller was hoping to get the whole thing cheap. This would happen if Congress forced DP World to sell to a U.S. company, and Eller was the only one willing to offer any money.

Once you alerted me to the Fox news I stayed up late and watched the rerun. They did say 200 million for all the terminals. They would steal a half a billion dollars if DP were forced to sell at that price. However in the articles I read this AM DP says they don't have anything to do with the terminals and referred all inquires to P&O. Their position would seem to be that they can't sell what they don't own. P&O is a subsidiary of DP not a part of DP and P&O leases the terminals not DP. It looks like DP is saying that P&O is a separate company and they have been leasing the terminals and its up to them if they want to continue the operations. Since the ownership of the leases remain the same nothing has changed. The question now is can congress take leases from a company that has done business in the US since the 1600's and is already approved in our port terminals.

63 posted on 03/15/2006 6:25:28 AM PST by jec41 (Screaming Eagle)
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