DSV hits back in 'bait and switch' case, claiming deal was not legally binding
DSV has fought back in the ‘bait and switch’ case against it, claiming its offered ...
RXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISK
RXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISK
DSV’s €3.5bn offer for Panalpina is a step too far for Kuehne + Nagel. Majority K+N shareholder Klaus-Michael Kuehne told the Handelszeitung paper, in rather a nice comment: “If the Danes absolutely want to buy a hopelessly overvalued Panalpina, then you can’t prevent it.” And according to Reuters he said its “operative potential” did not match its valuation.
However, that does not appear to be preventing Panalpina from seeking a higher offer – from DSV or anyone else, The Loadstar Premium reveals today.
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