LONDON, March 3: A London High Court judge ruled on Thursday that Dubai Ports World’s $6.85 billion proposed takeover of P&O can go ahead, despite objections from one of the British firm’s partners in the United States.
Justice Nicholas Warren sanctioned a scheme of arrangement allowing the deal to proceed, rejecting submissions from US ports operator Eller & Co and two private P&O shareholders who oppose the takeover for different reasons.—AFP
