COSCO Shipping, Orient Overseas shares leap after lofty $6.3 billion bid

Jul 9, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

SHANGHAI (Reuters) – COSCO Shipping’s and Hong Kong’s Orient Overseas International Ltd’s (OOIL) shares leapt on Monday after the Chinese shipping giant made a $6.3 billion offer for its smaller rival on Sunday.