DSV’s withdrawal of its offer for Ceva at CHF30 ($30) per share has again left the consolidation field open.
DSV said it had made a revised proposal, offering Ceva shareholders a premium of 60.4% on Ceva’s share price of CHF18.70 on October 1, or a premium of 45.8% on Ceva’s 60-day volume weighted average price.
But it added: “Based on the unwillingness of the board of directors of Ceva to engage directly with DSV …
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Source: The Loadstar