On the wires: DSV's Nicolajsen and lamp posts
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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 ...