Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
REUTERS reports:
Chinese logistics giant SF Holdings Co is in talks to take Hong Kong-listed Kerry Logistics Networks Ltd private, in the sector’s latest consolidation attempt, four people with knowledge of the matter told Reuters.
SF is preparing to offer a decent premium to Kerry’s current trading price, said one of the people, who declined to be named as the information is confidential.
In the past six months, buyers have paid an average premium of 38.1% to a Hong Kong-listed company’s average 1-month share price to take them private, according to Refinitiv, a unit of the London Stock Exchange. Based on that, a take-private of Kerry Logistics would cost SF about HK$23.27 a share.
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Bloomberg wrote: “Chinese Courier SF Eyes Stake in $5 Billion Kerry Logistics“.
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