DSV’s “opening gambit” for Panalpina could trigger rival bids

DSV’s offer yesterday of CHF170 per share for Panalpina – thought to be an “opening gambit” – would create the third largest global freight forwarder by revenue, behind DHL and Kuehne & Nagel.  
But analysts think DSV’s move, revealed last night by Loadstar Premium, could trigger a bidding war for the Swiss forwarder, with Kuehne + Nagel (K+N) most likely to show interest. 
Panalpina became a more attractive target after an activist investor, Cevian, which holds a 12% share, succeeded in removing chairman Peter Ulber, who was thought to …

The post DSV’s “opening gambit” for Panalpina could trigger rival bids appeared first on The Loadstar.

Source: The Loadstar

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