DSV looks set to pick out the best of Panalpina’s staff and keep them, but others will face a DSV-led committee to decide how the companies will be integrated.
The set-up has been detailed in DSV’s offer prospectus for Panalpina, which also reveals that DSV insists all Panalpina’s board members resign and, following an extraordinary shareholders’ meeting, DSV will appoint a new board.
The filing states that Panalpina has in place “a global …
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Source: The Loadstar