Maersk’s $6.5 Billion Shareholder Gift Leaves Bonds Dry
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As A.P. Moeller-Maersk A/S prepares to return a record $6.5 billion to shareholders next month, its bond investors are losing out.
Denmark’s biggest company is selling its 20 percent stake in Danske Bank A/S, which will trigger extra dividends of about $5.5 billion in April. In addition, Maersk will pay ordinary shareholder dividends of about $1 billion.