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Let’s set the record straight: the K + N + Apex deal value – let alone the transaction structure/funding mix – has been one of the most sought-after pieces of information in our M&A circles.

And it couldn’t be any different. Because Kuehne + Nagel (K+N) since well over a decade ago had invested, on average, less than Sfr80m annually in M&A – as gauged by related, investing cash outflows – before taking over Quick International Courier* and Apex (still pending), its ...

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