Yes, the board of directors of CP Ships has decided to accept the offer from Hapag-Lloyd's parent, the German TUI group, for USD 2 Bn in cash. They have recommended to the shareholders that they should sell their shares, and most likely this is what will happen.
The merged group will become the 5th largest container line in the world, after:
1: Maersk line (incorporating PONL)
4: CMA CGM
Read CP Ships' press release on www.cpships.com
Find the latest statistics on the major container lines at http://www.brs-paris.com/research/index.html
(press "Liner Shipping Newsletter", then "read").