S24/7: MSC makes takeover bid for Brazil’s Log-In Logistica

Splash 24/7 reports:
Mediterranean Shipping Co (MSC) has lodged a bid to take over Brazil’s Log-In Logistica Intermodal.
MSC said in a statement it would be offering 25 reais ($4.79) per share for at least 62% and at most 67% of Log-In’s total issued and outstanding shares.
The bid values Log-In at 2.65bn reais ($506m). MSC said the offer would be done through a share auction within 30 days after the issuance of …

The post S24/7: MSC makes takeover bid for Brazil’s Log-In Logistica appeared first on The Loadstar.

Source: The Loadstar

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