Comment / Supply chain radar: Activist investor Cevian is out already – 'bye 'bye DSV Panalpina

Ok, so it didn’t take long before Cevian – a key shareholder in Panalpina (PAN) with a 12.3% stake – bailed out of the DSV Panalpina combined entity, well before the DSV/PAN stock exchange settlement takes place in early October.

These were the headlines doing the rounds on the Bloomberg Terminal after the markets closed yesterday:

– CEVIAN CAPITAL TO EXIT DSV WITH SALE OF 3.7% STAKE

– UBS IS SOLE BOOKRUNNER ON CEVIAN’S STAKE SALE IN DSV

The 3.7% calculation is essentially: (23.75m ...