ANALYSIS – Shareholder pain at UTi Worldwide as its financial strength ebbs

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While the attention of everybody in the logistics industry this week concerns which way shareholder value will go if XPO Logistics manages to complete its $3bn purchase of Con-way, a chronic underperformer across the Atlantic has also caught our attention – 3PL UTi Worldwide.

In fact, there’s every chance UTi will attract interest from suitors after its third-quarter results are announced in early December. We were right with Con-way, predicting a 30% takeover premium back in May, so let’s see how ...