The latest update is out from Ocean Wilsons Holdings ( (GB:OCN) ).
Ocean Wilsons Holdings announced its intention to sell its entire interest in Wilson Sons to SAS Shipping Agencies Services, a subsidiary of MSC Mediterranean Shipping Company, as part of a strategic move to capitalize on consolidation trends in the global port operations industry. The company plans to return a portion of the proceeds to shareholders through a tender offer for up to 20% of its shares, while exploring strategic options for the remaining proceeds to ensure long-term value creation and shareholder returns.
More about Ocean Wilsons Holdings
Ocean Wilsons Holdings Limited is a Bermuda-based investment holding company listed on the London and Bermuda Stock Exchanges. It manages a global investment portfolio and provides maritime and logistics services in Brazil through its subsidiaries, Ocean Wilsons (Investments) Limited and Wilson Sons S.A.
YTD Price Performance: 3.46%
Average Trading Volume: 20,067
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £473.9M
For a thorough assessment of OCN stock, go to TipRanks’ Stock Analysis page.