Forward Air – unfixable?
Behind the curtain: IT M&A job
It didn’t come unexpected, did it?
After takeover talk that started in mid-2023, with Wilson Sons stock trading at BRL10.5 on 9 June last year, the Brazilian conglomerate, now worth $1.38bn in market cap, has finally been taken over by container shipping leader Mediterranean Shipping Company (MSC), which was originally rumoured to be the likely buyer well over a year ago.
Implied premium to the target’s unaffected share price, on that basis: +66.3%.
For more background on the sale and the target’s business ...
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