Against the odds: DSV, Mærsk, DP-DHL & Kuehne – catching falling knives
Are your fingers safe?
We’d probably agree that there’s never going to be another such sparkling moment in which DSV and AP Møller-Mærsk (APMM) will be as rich as they currently are – while languishing, however, on the stock market.
And with very few options to boost value by targeting rivals of a certain size.
Let’s toss the golden M&A coin.
Worth respectively $34.6bn (DSV) and $44.8bn (APMM) in market value, an all-stock merger of equals from Copenhagen would imply a 29.4% premium on DSV’s closing price ...