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Sea Containers fights takeover

17th August 1989, Page 14
17th August 1989
Page 14
Page 14, 17th August 1989 — Sea Containers fights takeover
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Which of the following most accurately describes the problem?

• Sea Containers, which ow, Sealink British Ferries, is considering selling some of it containers and ferry routes a distributing the proceeds to shareholders to outmanoeuvr the hostile takeover bid by Tiphook and Stena. A formal offer has been received by a British food distribution and retailing firm.