NYK moves to absorb NS United in near $1bn deal
Japanese shipping major Nippon Yusen Kaisha (NYK) has set out a two-stage transaction worth close to $1bn to take dry bulk affiliate NS United Kaiun private and lift its holding to 83.33%. NYK will offer ¥10,600 per share for up to 11.38m shares, representing the entire 48.29% holding outside NYK, Nippon Steel and NS United’s …