RealNews

British Court Hears Dubai Port Deal Case

Lawyers for British shipping company Peninsular and Oriental Steam Navigation Co. told Britain’s High Court on Monday that a U.S. company’s legal challenge to P&O’s takeover by Dubai Ports World was “woefully thin.” The High Court must approve the 3.9 billion pound ($6.8 billion) takeover — which has caused consternation among some lawmakers in the United States — for the deal to go ahead. Full Story

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