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Home›News›CP Ships may sell itself to Chinese buyer
News

August 2, 2005 · about 21 years ago

CP Ships may sell itself to Chinese buyer

A major British container-ship company is talking with potential buyers about a $1 billion-plus deal to be acquired. CP Ships Ltd. has not identified any potential buyers but one analyst, David Newman of Canada’s National Bank Financial, said CP Ships could fetch $15 to $19 a share, or a total of $1

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A major British container-ship company is talking with potential buyers about a $1 billion-plus deal to be acquired.

CP Ships Ltd. has not identified any potential buyers but one analyst, David Newman of Canada’s National Bank Financial, said CP Ships could fetch $15 to $19 a share, or a total of $1.35 billion to $1.71 billion, the Wall Street Journal reported Monday.

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