Dubai port deal is delayed over protest

http://www.kansas.com/mld/kansas/business/14009445.htm

Dubai port deal is delayed over protest

Associated Press

LONDON - A Miami company objecting to the takeover of British shipping company P&O by Dubai's state-owned DP World said Friday it has been granted the right to take the case to Britain's Court of Appeal - a move that puts the deal on hold.

Miami-based Eller & Co., which says its business could be harmed by U.S. concerns over a United Arab Emirates company controlling significant operations at six major U.S. seaports, said Britain's Court of Appeal would hear its petition for an appeal on Monday.

If the right to appeal is granted, the higher court will immediately hear the case.
"We don't take the decision to appeal lightly," Eller said in a statement issued in London. "However, we are deeply concerned for the future of our business and the livelihood of thousands of our staff and contractors and we will do everything in our power to secure their future."