Money never sleeps.
Market sources say that Denmark’s freight forwarding and contract logistics company DSV made a formal offer today to take over Swiss 3PL Panalpina. A formal announcement is expected to be made on Wednesday, when the financial markets open.
The price of the offer is the only detail that emerged earlier today, but the full details (structure/funding) were not disclosed. At this stage, it’s unknown whether the board of Panalpina plans …

The post Supply chain radar: DSV bids for Panalpina at Sfr170 a share appeared first on The Loadstar.

Source: The Loadstar