1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176 
TIP denies US threat
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
• One of the world's largest container companies is believed to be building up a significant stake in leading trailer rental firm TIP.
American-based Itel Corporation has been buying TIP shares: many pundits believe the company may be close to a declarable stake.
However, TIP boss Jim Cleary is sceptical over Itel's intentions; "We have been aware of Itel's small shareholding for many months. There is no evidence in the share register that Itel has increased its shareholding or is considering extending its shareholding to make a bid for TIP."
Any American bid for TIP would probably have to top £200 million. The truck and trailer rental firm is valued at around 2185 million, and in the year to July 1989 it made 212.7 million on a turnover of £54.9 million.