Analysis: Bruised DSV – cash not king anymore?
…or just blame investment needs and seasonality
Between CEVA Logistics and Panalpina, DSV perhaps chose the lesser evil, but the story within the story here is that the Danish company is very likely to outbid K+N for Panalpina under ’any scenario’, according to most of my market sources, if K+N ever decides to engage in a bidding war.
Deal in the making
The foundation that controls ~ 46% of Panalpina is taking its time to decide what to do with its holdings.
The pessimists I talked to maintain the view that ...
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