He continued “The P&O Directors recommend unanimously the DP World revised offer and look forward to putting it to Stockholders. The combination of P&O and DP World has compelling strategic logic and will create significant opportunities for both businesses and their employees.”
The meeting to consider the DP World offer will be on Monday 13th February at 2pm, at the Wembley Conference Centre. Their revised offer of 520pence per unit of deferred stock represents a premium of 71.3%. proxy forms for the class meetings need to be lodged 48 hours in advance.
The P&O Directors, having been so advised by Citigroup and Rothschild, recommend unanimously that stockholders vote in favour of DP World’s revised offer.