Speculation is rife among investors, bankers and trade sources that DSV’s offer will be rejected by the board of Panalpina as soon as this week, before the Danish company finally ups its bid to buy out its smaller Swiss 3PL rival.
A takeover of Panalpina – currently worth ~ Sfr4.2bn – would help the Danish suitor secure a fully priced tie-up that could be truly compelling, on so many fronts (size, synergies, procurement), but …

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Source: The Loadstar