Many Panalpina shareholders might stick with DSV after the acquisition of the Swiss 3PL is done and dusted and the two start trading as a combined entity under a single ticker. But I would argue that the only possible investment view for those looking to open a position in DSV in its current form, is to look elsewhere for value.

There are legal caveats – what can/cannot be said about the deal by DSV executives – and no visibility whatsoever on ...

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