COSCO Shipping’s acquisition of Orient Overseas, launched in July 2017, has a preliminary deadline of June 30. Investors do not appear concerned about the late-running approvals process. Orient Overseas’s shares are trading at a 6% discount to the offer price vs. 7% on average since the deal was announced. The prior peak of 12% was when initial doubts about CFIUS approval in America arose in April. Additionally the offer period can be extended if both parties agree. U.S. regulatory approval may require a sale of the Long Beach port facilities Orient owns, though that will ...