Kuehne + Nagel – 'worse' than DSV ...and also Nestlé?
Depressed and depressing but still yielding
As provocative and stretched as a takeover of FedEx may seem, particularly if we assume a trade predator would win it rather than private equity, one thing clearly emerged after our “DSV Express” coverage on Tuesday: the speculators absolutely love the idea of Memphis joining forces with Copenhagen or Copenhagen joining forces with Memphis, if the latter retains control of the combined entity.
(In which case, DSV shareholders could be in for a vey rich payout against current market values.)
Even the folks ...
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