On the wires: DSV's Nicolajsen and lamp posts
Tell me more
DSV’s last word on CEVA Logistics was on Tuesday, before CMA CGM’s surprising offer emerged today, when the Danish logistics firm indicated it had given up in its pursuit.
“Based on the unwillingness of the board of directors of CEVA to engage directly with DSV at the price per share offered, we have decided not to pursue an acquisition of CEVA.”
But today came another twist, and the mating game became a minefield for DSV, whose stock fell below Dkr500 for the first ...