Conf call redux: DSV – the numbers tell you all you need to know
Jam tomorrow and jam yesterday, but never jam today
Money never sleeps.
Market sources say that Denmark’s DSV made a formal offer on Tuesday to take over Swiss 3PL Panalpina. A formal announcement is expected on Wednesday, when the financial markets open.
The price of the offer is the only detail that emerged earlier today, but the full details (structure/funding mix) were not disclosed. At this stage, it’s unknown whether the board of Panalpina plans to recommend the proposal.
Based on market prices on Tuesday, Panalpina was valued at ~ Sfr3.2bn. Assuming an all-equity deal, ...
Crew member dies as Maersk Frankfurt catches fire on maiden voyage
Maersk Frankfurt owner declares General Average, as fire-fighting continues
More danger to box ships as Houthis expand Red Sea attack arena
Bangladesh 'jam-packed' with cargo as curfew and internet restrictions continue
K+N eyes more cost-cutting after first-half profit and market share declines
'Last chance' for US importers to stock up before possible east coast port strike
New FMC regulation rules out carrier 'lame excuses' for rolling cargo
Maersk Frankfurt heads for open water as container fire subsides
Comment on this article