LR_Urbain w Tie (1)
CEVA chief executive Xavier Urbain

A call with a London-based financial broker closely monitoring the DSV/CEVA situation strengthened my conviction that there is a near-zero chance DSV will improve its initial bid, CHF27.75 a share, immediately rejected by the CEVA Logistics board last week.

A number of my freight forwarding sources believe DSV will return with an improved offer, and quickly; but institutional investors and the brokers working on their behalf believe otherwise.

One told me DSV would rather wait until cash-burning CEVA needs more funds.

“DSV’s thinking is ...

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