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DSV proposes acquisition of Panalpina Welttransport Holding at CHF170 per share

Jan 17, 2019 - Global Banking News
Mergers and Acquisitions

DSV A/S (CPH:DSV) , a provider of transport and logistics services, announced on Wednesday that in response to Panalpina Welttransport Holding AG's (Panalpina) announcement on 16 January 2019, it confirms that it has made an indicative and private proposal to Panalpina's board of directors to acquire Panalpina.

This indicative proposal's acquisition consideration consists of 1.58 DSV shares and CHF55 in cash for each Panalpina share. Based on closing prices as of 11 January 2019, the value...