Sea Containers Ltd. said it might increase the price of its
$70-a-share buy-back plan if pressed by Temple Holdings Ltd., which
made an earlier tender offer for Sea Containers. Sea Containers, a
Hamilton, Bermuda-based shipping concern, said Tuesday that it would
sell $1.1 billion of assets and use some of the proceeds to buy about
50% of its common shares for $7 apiece. The move is designed to
ward off a hostile takeover attempt by two European shipping concerns,
Stena Holding AG and Tiphook PLC. In May, the two companies,
through their jointly owned holding company, Temple, offered $5 a
share, or $777 million, for Sea Containers...