New senior management for DSV as it readies for DB Schenker takeover
Following its clearance by competition regulators to complete its acquisition of DB Schenker, Danish freight ...
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The board of German wagon leasing and rail freight logistics operator VTG has asked shareholders to reject a takeover bid by an investment fund controlled by US bank Morgan Stanley.
In July, Morgan Stanley subsidiary Warwick Holdings built up a 27% stake in VTG, which is listed on Frankfurt Stock Exchange, and agreed to buy just over 20% more from Kuehne Holdings at €53 per share.
It followed that with a €53 per share offer to VTG’s remaining shareholders.
The VTG board said the offer undervalued ...
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