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DSV announces revised bid for Panalpina

Logistic News - Published on Thu, 21 Feb 2019

Image Source: Fruitnet.com
DSV A/S - Global Transport and Logistics, in continuation of its earlier announcements, announced that it has put forward to the Board of Directors of Panalpina a revised indicative and contingent all-cash offer to the shareholders of Panalpina at CHF 180 per Panalpina share. The revised all-cash offer was made in response to feedback received from Panalpina and included, eg, certain commitments to be specified towards Panalpina’s employees and the Panalpina heritage.

The revised indicative and contingent all-cash offer equates to an enterprise value to 2018 EBITDA multiple of 24x based on broker consensus.

Meanwhile, DSV is obliged to disclose this company announcement. Neither its revised indicative and contingent all-cash offer nor this announcement contains an obligation for DSV to make a voluntary public tender offer to the shareholders of Panalpina.

Source :

Posted By : Ratan Singh on Thu, 21 Feb 2019
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