Surely the £760m bid for Forth Ports from infrastructure fund Arcus is done and dusted?
After all, Arcus already owns nearly 23% of its target, the deal has been agreed and the price - £16.30 a share plus a 20p dividend - is around 14% higher than Forth's share price in the middle of February, when the latest round of takeover speculation began.
Even so, there have been suggestions that Shanghai International Port could be looking at a rival offer for Forth Ports, so a bid saga which has been stretched out over several months, not to say years, could yet have further to run. Mind you, a 6p rise in the company's shares to £16.40 suggests the market is not too convinced the Chinese will indeed step in. Still, worth watching.
