Thursday 22nd Aug 2019 - Logistics Manager Magazine

DSV gets acceptances for 88pc of Panalpina shares

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DSV says it received acceptances for 88.27 per cent of the shares in Panalpina at 17th July, the expiration of the extended main offer period.

In March, the two companies agreed to merge to create £13.6 billion business named DSV Panalpina employing 60,000 people in 90 countries.

Panalpina’s board recommended an offer of 2.375 DSV share for one Panalpina share – equal to CHF195.8 per share.

There is now an addition acceptance period for shareholders holding their Panalpina Shares in a depository account.

The provisional notice of the final result of the offer will be published by DSV on 8th August.

Board changes planned for Panalpina