Comment / Supply chain radar: CEVA does not recommend CMA CGM's Sfr30 a share offer. So what?

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Who said Mondays are not fun?

Look at the latest from CEVA Logistics, which today announced the full details of CMA CGM’s bid to take control of the remainder of the equity that the French carrier doesn’t already own in the freight forwarding and contract logistics company.

With regard to the offer, a long time ago priced at Sfr30 a share, the “board of directors came unanimously (with two members not participating) to the conclusion to not recommend to CEVA’s shareholders to ...