Comment / Analysis: The flip side of Ceva's 'new vertical structure'

ID 44201964 © Gustavo Goldman | Dreamstime.com

’Buy the rumour, sell the news’ is an old adage in the financial markets.

Pity Ceva Logistics is no longer listed, although it enjoyed a spell on the stock market for just over a year from the spring of 2018, before being taken over by CMA CGM…

… which – romance added to the narrative – acted as a white knight soon after DSV made a very opportunistic offer at a +60.4% premium to Ceva’s depressed share price of Sfr18.7 at the ...