CNN’s Post

UK Royal Mail holding company IDS has rejected an “opportunistic” takeover offer by Czech billionaire investor Daniel Křetínský.  The IDS board formally rejected the 32 pence ($0.40)-per-share offer on the grounds that it “significantly undervalues IDS and its future prospects”.  A Transport Intelligence article said: “It is tempting to believe that what Mr Křetínský is really after is GLS Group… Last year he denied he would break up IDS in order to retain GLS. Yet if Mr Křetínský took over the whole of IDS, he would still have to struggle with the shift from mail and towards parcel deliveries.” And Thomas Cullen added: “You have to ask, who else will buy it? GLS may be attractive, but then what do you do with Royal Mail UK?” Charlotte Goldstone reports. https://lnkd.in/eZhDHnjG #royalmail #supplychain #logistics #uk #transportintelligence #ids #stockexchange #londonstockexchange

Looks like the ASX will be waving 👋 goodbye to another billion dollar listing with Saint-Gobain lobbing a takeover bid for CSR Limited Saint-Gobain is a €$30+b entity with global expansion. CSR Limited is a $3b listed entity. The bid is priced at $9 a share which represents a 33% premium on the last close price. Given the current market conditions and the historical trading of CSR Limited I would expect this bid to be wholly endorsed by the board. You would need to go back to 2009 to get a better share price for CSR Limited. This follows the consolidation trend amongst the building and construction market with Adbri Limited in DD regarding a scheme which is aiming to complete this financial year. It also continues a trend of businesses leaving the ASX with little being added and limited big floats scheduled this year. Certainly will be watching this one. #takeover #csr #asx #mergersandacquisitions #corporateadvisory #corporatelaw

Another round of discussions has failed to produce an agreement to sell HMM. The Harim Group-JKL Partners consortium failed to solve its differences with the carrier’s major shareholders, Korea Development Bank and Korea Ocean Business Corp. But a Harim representative told The Loadstar: “We’re still talking to the selling side. We are sincere about acquiring HMM.” Martina Li offers more detail in her latest article linked below. #containershipping #supplychain #hmm #acquisition #oceanshipping

TJC (The Jordan Company), a private equity firm, agreed to acquire Global Transport Solutions, an international logistics service provider specializing in supply chain and forwarding solutions for the maritime industry. Financial terms were not disclosed. “We are thrilled to be partnering with the GTS team. John and Vegard have built a leader in marine spare parts logistics, combining innovative, proprietary technology with top tier customer service. TJC looks forward to supporting GTS’s continued growth by leveraging TJC’s resources and support services," Peter Suffredini, TJC Partner. TJC (led by Peter Suffredini) is advised by Stifel Financial Corp., Allen & Gledhill LLP, Kirkland & Ellis, Loyens & Loeff (led by Rob Schrooten), Wiersholm and Prosek Partners (led by Jonathan Marino). Global Transport Solutions is led by John Burgstra and Vegard Prytz. #MergersAcquisitionsDivestitures #Logistics #PrivateEquity

📊 Insider Transaction Alert: On 2023-10-13, Director Thomas W Handley acquired a small stake under Rule 16a-6 in Republic Services, Inc. $RSG, acquiring 108 common shares. RSG is currently trading at $147.35 per share. Thomas W Handley owns now 2000 $RSG stock and 20500 restricted stock units. The stock trades at $147.67 - close to the all-time high. The company market cap is at $46,7B. Republic Services, Inc. is an industry leader in U.S. recycling and non-hazardous solid waste disposal. Right now very active pursuing new acquisitions and partnerships. Maybe Mr Handley (RSG is currently trading at $147.35 per share. ) knows more? At the very least he believes in his team. There will always be waste - can you earn money with it? Follow us for more signals. #StockMarket #InsiderTrading

Fredriksen approaching mandatory offer for Euronav Shipping magnate John Fredriksen has not lost his appetite for the Belgian tanker giant Euronav and is quietly approaching a mandatory takeover offer threshold. The largest shareholder and supervisory board member now owns close to 28.5% of the Antwerp-based company after its investment vehicle, Famatown Finance, added around $63m worth of shares, lifting its stake to 21.71%, according to the latest US Securities and Exchange Commission (SEC) filing. Before this transaction, Fredriksen held 24.99% of shares through Famatown and Frontline, slightly ahead of the second largest shareholder, the Saverys family. If Fredriksen buys more than 30% of Euronav’s shares, he could trigger a mandatory takeover offer for the company after walking away from a merger deal with his tanker firm, Frontline earlier this year. Euronav has been navigating troubled waters for more than a year, including a failed merger with Frontline, which subsequently saw the company’s CEO, Hugo De Stoop, leave “by mutual agreement” after a lengthy row with the Saverys family. Two new independent directors, Julie De Nul and Ole Henrik Bjrge, joined the Brussels- and New York-listed firm’s board in May. https://lnkd.in/dsiUzF82

Fredriksen approaching mandatory offer for Euronav Shipping magnate John Fredriksen has not lost his appetite for the Belgian tanker giant Euronav and is quietly approaching a mandatory takeover offer threshold. The largest shareholder and supervisory board member now owns close to 28.5% of the Antwerp-based company after its investment vehicle, Famatown Finance, added around $63m worth of shares, lifting its stake to 21.71%, according to the latest US Securities and Exchange Commission (SEC) filing. Before this transaction, Fredriksen held 24.99% of shares through Famatown and Frontline, slightly ahead of the second largest shareholder, the Saverys family. If Fredriksen buys more than 30% of Euronav’s shares, he could trigger a mandatory takeover offer for the company after walking away from a merger deal with his tanker firm, Frontline earlier this year. Euronav has been navigating troubled waters for more than a year, including a failed merger with Frontline, which subsequently saw the company’s CEO, Hugo De Stoop, leave “by mutual agreement” after a lengthy row with the Saverys family. Two new independent directors, Julie De Nul and Ole Henrik Bjrge, joined the Brussels- and New York-listed firm’s board in May. https://lnkd.in/dPTW3cvq

🌐 We are happy to share the recent developments at QTerminals Kramer Rotterdam in an exclusive interview in the Nieuwsblad Transport with the CEO, Andre Kramer: “Last September marked a significant chapter as we joined forces with QTerminals, a strategic move that unfolded under the careful guidance of Rick ter Maat, Alexander Beyleveldt, Melvin Zandstra and Boudewijn Van der Hart from JBR. The acquisition process was an intense journey, with JBR providing invaluable expertise in navigating the international logistics port world and ensuring a seamless financial takeover. Their meticulous approach and deep understanding of the industry played a pivotal role in shaping this transformative collaboration. 💡 𝐖𝐡𝐲 𝐉𝐁𝐑? Last year, my siblings and I, each holding a quarter of the shares, contemplated the future of Kramer Group. In the pursuit of strategic alternatives, JBR emerged as a natural partner. Our prior experience with JBR during a previous takeover attempt had left a lasting impression, and when the time came to showcase our company, they were the obvious choice. 🔄 𝐓𝐡𝐞 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐔𝐧𝐯𝐞𝐢𝐥𝐞𝐝: JBR conducted a thorough preselection, engaging with around sixty global entities. This meticulous approach shielded us from disruptions, allowing us to focus on daily operations. Ultimately, four potential partners participated in a competitive takeover process overseen by JBR. 👥 𝐒𝐭𝐚𝐟𝐟 𝐚𝐧𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐞𝐫 𝐑𝐞𝐚𝐜𝐭𝐢𝐨𝐧𝐬: Feedback from our incredible team and loyal customers has been overwhelmingly positive. By involving our staff early in the planning stages, in collaboration with JBR, we fostered understanding and trust. Customers have expressed confidence in the continuity and continued growth of our company, ensuring a professionally.” #QTerminals  #JBRCorporateFinance #MergersAndAcquisitions #JBRMaritimeOffshore  #MaritimeOffshore

A way to generate capital for maritime projects is by moving into the public securities markets with a blind pool IPO for ships. All you have to do is to create a low-leverage ship-owning IPO entity. Through an Initial Public Offering, or IPO, the company will raise capital by issuing shares of stock, or equity in a public market. Generally, this refers to when a company issues stock for the first time. But there are ways a company can go public more than once. Investors will own the listed shares that can be freely traded in a stock exchange. The goal of public investors is not to become shipowners over the long-term, but to participate in a cyclical opportunity. The company’s sole purpose is to acquire and operate ships, and exit as the market improves. That’s the reason why these public companies are known as “self-liquidating companies”. The IPO entity is not allowed to invest in additional ships after the initial purchases. The original amount raised in the public market offering will be paid out, plus a preferred return from all cash flows, and the management will receive a success fee or carried interest. You can also issue B-rated shipping bonds as a form to raise capital. #shipping #shippingindustry #shippingservices #shippingcompany #shipowners #shipmanagement #pool #pools #maritime #maritimeindustry #maritimelaw #maritimeservices #maritimetransport #drycargo #tankers #tankership #lng #lngindustry #osv #containership #shipmanagement #finance #corporatefinance #privateequity #privateequityfunds #leveragedfinance #debtfinancing #projectfinance #investmentbanking

The Korea Economic Daily: Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit Interesting insight into the complications for Jeju Air (and the other 3 bidders) on how deals may need to be structured. The KE-OZ merger is creating a lot of new opportunities for the other operators in Korea but will also cause some major shake ups in their operations https://lnkd.in/gzsuf4yd