Disrupting the flow

Temasek was long considered the most likely acquirer of P&O. Then the owner of the Port of Singapore was upstaged by the £3.3bn agreed offer for the UK-listed port operator from Dubai Ports World. But it seems Temasek has not given up. Last week it acquired 5% of P&O shares on the open market, according to reports. The share price jumped 11% above the level of DPW offer. Temasek, fully owned by the government of the city-state, has not said what it plans to do with its shares. But it is unlikel...