Ok, so it didn’t take long before Cevian – a key shareholder in Panalpina (PAN) with a 12.3% stake – bailed out of the DSV Panalpina combined entity, well before the DSV/PAN stock exchange settlement takes place in early October.
These were the headlines doing the rounds on the Bloomberg Terminal after the markets closed yesterday:
– CEVIAN CAPITAL TO EXIT DSV WITH SALE OF 3.7% STAKE
– UBS IS SOLE BOOKRUNNER ON …
The post Supply chain radar: Activist investor Cevian is out already – ‘bye ‘bye DSV Panalpina appeared first on The Loadstar.
Source: The Loadstar