SNCF has its say on Premium’s Geodis coverage
Always open to welcoming all views
The principle that mergers and acquisitions – such as the looming DSV-Panalpina tie-up – create value resembles the continued existence of fund managers, in that we all know monkeys picking random stocks would do better in most instances.
In fairness, mergers have a better track record of creating value than fund managers do, but only just, and the success of any deal depends on many factors that often are uncontrollable.
The logic of merging two companies, like DSV and Panalpina (PAN), is ...
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