CEVA Logistics has rejected an unsolicited takeover bid by Danish rival DSV worth around $2.5bn.
DSV confirmed today it had made an offer of CHF27.75 per CEVA share, which is listed on the Swiss stock exchange with a share issue of some 55m.
The offer would value its equity at just over $1.5bn – a figure that goes up to $2.5bn once CEA’s net debt of around $1bn is included. CEVA was IPO’d at CHF27.5 …
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Source: The Loadstar