Monday, January 21, 2019

DSV mulls buying Panalpina; offers price of CHF 170 per share

DSV is one of the leading logistics service providers Air Cargo

Jan 21, 2019: Denmark-based logistics giant DSV has made a bid to acquire forwarding firm Panalpina at a price of CHF 170 per share, comprising a mix of cash and DSV shares. The consideration consists of 1.58 DSV shares and CHF 55 in cash for each Panalpina share. Based on closing prices as of January 11, 2019, the value of the offer is CHF 170 per share.

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