Wednesday, September 2, 2009

Maersk shares drop after new offering

From Bloomberg

Sept. 2 (Bloomberg) -- A.P. Moeller-Maersk A/S fell the most in six months, as the company held its biggest share sale since World War II to help finance acquisitions in the oil and terminals businesses.

Maersk fell as much as 8.4 percent in Copenhagen, its biggest one-day drop since March 5. The shares traded at 34,000 kroner, down 7.9 percent, at 12:15 p.m.

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