Panalpina is set to reject DSV’s offer of Sfr170 per share, according to sources close to the deal, despite an appeal by one Panalpina shareholder.
Sources told Loadstar Premium last night DSV had already offered up to Sfr200 per share, but that it “was not about the money”.
However, Panalpina shareholders did not necessarily agree.
In an open letter, Artisan Partners, which owns some 12% of Panalpina, expresses its disappointment at the handling …
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Source: The Loadstar