Tuesday, February 07, 2006

The Duel of Two Cities


Relax...yes..this is another war-game..only difference..no religious mudslinging..just outsmart your opponent(s) or in this case outbid them..in the business world. In fact, come to think of it..it might not be a bad idea if the oil rich nations engage in hostile takeover, M & A of some of the corporate big boys across the globe. Simply put...that will definitely result in a better representation of wealth and power.
For the past couple of months, the Singapore port operator PSA is vying with Dubai Ports World(DP World) for control of P&O (UK port operator). Winning P&O will make PSA the world's largest port operator.
The first offer by DP World was 3.33billion pounds..PSA jumped in with a counter of 3.5billion pounds. DP then hit back with a 3.92billion offer...PSA will decide its next move by the end of this week...a cliffhanger...very suspenseful indeed!A report suggested that PSA will call it quit. I'm not surprised because I thought the sudden jump-in of PSA was like a red herring..to cause DP to up its stake. True enough, most analysts said the bid was overpriced.
"So..are u buying your regular milk?" asked Saheed, my sponsor. Musa, the PRO, gave a wicked smile. "No...I don't need to..I have a cow in my backyard."
"And..so you support Singapore or Dubai? Remember..Singapore is your father..Dubai is your mother..and I'm your brother."..he broke into laughter.

6 Comments:

Blogger Raheel said...

his brother is a good critical thinker and funny both at the same time ;)

10:38 PM

 
Blogger black feline said...

u mean Mr. Saheed? He's ok..but when he's in a bad mood..many times..lol...he's a pain in the neck...but i like him...good friend!

5:02 AM

 
Anonymous meng fei said...

I think PSA should donate some money to NKF...rather than buy ship...

8:41 PM

 
Blogger black feline said...

that's a neat idea :) and probably not pursuing the P & O will give our friendly neighbour (u know what i mean..lol)enuff time to overtake PSA..lol...

4:49 AM

 
Blogger black feline said...

Well..I heard the news...PSA has pulled out :)..bravo to DP World..unless another contender enters the ring!

2:40 PM

 
Blogger black feline said...

testing

5:25 PM

 

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