News / Ceva stays bullish after a 'year of change', but its future remains unclear

As Panalpina’s key shareholder, the Ernst Göhner Foundation rejected the “current” non-binding proposal from DSV, all eyes turned to Ceva Logistics.

But Ceva is also caught in the mist of speculation over its future, as it announced its preliminary financial results for 2018. 

The release was offered “in the context of the launch of a proposed offering of $825m”, related to the likely change of control stemming from CMA CGM’s public tender offer. 

While there were some high points in Ceva’s news, UBS noted that ...