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Many investors don’t know how to read the latest rally in Panalpina (PAN) stock, which comfortably traded again above Sfr170 a share for most of the day, after testing Sfr154 on Monday (the ’thanks, but no thanks for now, DSV’ day). But there remains a feeling among insiders very close to the outcome of the DSV+PAN saga that “it’s just about the money” – meaning, the charitable foundation that controls the Swiss 3PL will sell out, perhaps later rather than ...

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