March 16, 2006
IS CONGRESS GOING TO BUY THEM?:
P&O Ports to find U.S. buyer (William Glanz, March 16, 2006, THE WASHINGTON TIMES)
The port-operating company that DP World bought this month will oversee the sale of U.S. port operations and expects to find a buyer in four to six months.Posted by Orrin Judd at March 16, 2006 8:32 AM
Nothing says getting top dollar for your business than a distress sale.
Posted by: Rick T. at March 16, 2006 8:43 AMThey've said they won't sell under market value, which is why Congress will have to but and then sell at a loss. A fine exercise in conservative values, eh?
Posted by: oj at March 16, 2006 9:18 AMIsn't the better strategy to come back in 6 months and say well we couldn't find anybody to buy the place so we're just going to keep it. Dare congress to take it away.
Posted by: mc at March 16, 2006 9:52 AMIsn't that what they're doing?
Posted by: oj at March 16, 2006 9:56 AMYes, after November.
Posted by: Luciferous at March 16, 2006 10:08 AM...and the purchaser will be Halliburton. Mheh.
Posted by: Mikey at March 16, 2006 12:14 PMPerhaps the "eevill" oil companies ought to purchase them.
Posted by: Dave W at March 16, 2006 10:50 PMThis deal is certain to have a bad ending. The US will end up buying, and then pay someone, or a joint venture of someones, to run them. Highest priced docks in the Universe.
Posted by: Tom Wall at March 17, 2006 2:51 AMWould Congress be happy if they were nationalized?
Would the unions and the $120,000 longshoremen on the West Coast be happy?
Posted by: ratbert at March 17, 2006 11:02 AMTrackBack
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A Dubai company at the center of a political storm offered new details about its plans to sell all o [Read More]