Bending the Third Rail
Because We Should, We Can, We Do
Saturday, March 11, 2006
Du-Bye
From Slate:
The WSJ points out that having to sell off its U.S. holdings may not really hurt DP World since it wasn't the most valuable part of its acquisition. The paper even goes as far as to suggest that it might be difficult to find a willing buyer.
The current rumor, and this is no joke, is that Halliburton is really the only U.S. company that has the expertise to take the ports management. Aren't you shocked!
There is no denying that the transfer of its U.S. assets will be a complicated process, and the Post emphasizes that no one is quite sure how it's going to work and it is unclear whether there will be an outright sale, or if DP World will merely give away management responsibilities of its U.S. operations.
It ain't over gang. As the media now abandons the story, I'll be keeping an eye out on obscure news sources about how this plays out.

Stay tuned!
Written at 9:18 AM by Greyhair.
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