News / UTi board accepts new $1.35bn offer from DSV to create world's fourth-biggest 3PL

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One of the great takeover sagas of the past year looked like reaching a conclusion today, after the board of US 3PL UTi Worldwide announced it had accepted a new purchase offer from Danish group DSV.

DSV has agreed to pay UTi shareholders  a total of $1.35bn, with each paid $71.0 per share, a premium of some 50% on the company’s share price the day before.

UTi’s largest shareholder, P2 Capital Partners, which holds 10.8% of its stock, has “entered into an ...