DP Worlds bid prevails over PSA

DP World were left with a clear shot at P& O Ports after the withdrawal of PSA Internationals bid. Singapores PSA decided it would not be increasing its 470p per share bid for P& O, after Dubais DP World scuppered their offer in just 12 hours with a rival one of 520p. DP World is now set to become the worlds third largest terminal operator.