While I worked really hard to find out what happened at the AGM of Panalpina (PAN) held yesterday afternoon at the Congress Center Basel my sources argued that I “didn’t have to look far” for the real corporate action, given the latest instructions imparted to Kuehne + Nagel by owner Klaus-Michael Kuehne.


I was looking forward to the PAN annual event ever since a senior M&A investor earlier this month commented on the DSV buybacks – about $500m is expected to ...

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