Comment / On the wires: Kuehne + Nagel beats DSV (down $1bn in value in a week) to the punch, but...

“Up to the expiration of the extended main offer period on 17 July 2019, 4:00 p.m. CEST, a total of 20,965,183 Panalpina shares have been tendered into the offer, corresponding to 88.27% of all 23,750,000 Panalpina shares listed as of 17 July 2019, and that are the object of the offer (success rate). Subject to the satisfaction of the offer conditions (…), DSV has declared the offer successful. The additional acceptance period of ten (10) trading days for the subsequent acceptance of ...