NOL surges on merger talks but eases on divided views
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SHARES in Neptune Orient Lines surged to a high of S$1.125 on Monday, up S$0.08 from the previous close, but ended the day at S$1.055, as the market remains divided in its response to merger talks between Singapore's largest listed container shipping entity by market capitalisation and two leading players, AP-Moeller-Maersk and CMA CGM.
Industry watchers are split on their views of NOL's anchor shareholder, Temasek Holdings' reaction to the approaches from Maersk and CMA CGM.
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