Comment / Underperforming DSV – remember the allure of its 'crowning achievement'

ID 141352467 © Michal Balada | Dreamstime.com

The M&A clock is ticking and with the German elections behind us, as well as the start of the second quarter just four weeks away, expectations are running high as far as the closing of the benchmark Schenker purchase by DSV is concerned.

Now

It’s time to reassess the bull case: what’s there to like, and why, and how much upside the Danish forwarder offers to shareholders.

Above all: what’s the implied synergy number – mostly: cost cuts – that’s priced into its ...