The Elephant in the Room

A.P. Moller – Maersk A/S (“Maersk”) also announced last week that they have no intention of missing future opportunities. The company sold 250,340 treasury “B” shares at a price of DKK 33,000, down from the prior day’s closing price of DKK 36,900 per share, through an international private placement to institutional investors. Gross proceeds of DKK 8.26 billion were achieved through an accelerated book-building process.

A key rationale for the offering was the company’s concerns with respect to the global financial markets, which continue to be affected by the economic crisis. There remains limited access to bank debt which

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