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DSV proposes acquisition of Panalpina Welttransport Holding at CHF170 per share.

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Vincent

NORDIC BUSINESS REPORT-January 17, 2019-DSV proposes acquisition of Panalpina Welttransport Holding at CHF170 per share

(C)2019 M2 COMMUNICATIONS http://www.m2.com

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 of the offer is CHF170 per share.

According to DSV, it has not yet received a response to its indicative and private proposal from Panalpina's board of directors.

Also, a combination of DSV and Panalpina would create a leading global transport and logistics company with significant growth opportunities and potential for value creation. A combination presents a unique opportunity for both companies and...

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