Friday, 08 February 2019 09:50

Panalpina shareholders reject $4 billion takeover offer

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Panalpina’s shareholders have rejected a $4 billion takeover bid by Danish forwarder DSV, despite the bid being considered “hopelessly overvalued”. The Ernst Goehner Foundation, Panalpina’s largest shareholder with 46 percent of the total share capital voiced that it does not support the current non-binding proposal from DSV and wants the company to pursue an independent growth strategy that includes its own mergers and acquisitions. Despite the lack of support from The Ernst Goehner Foundation, Panalpina has suggested that the DSV deal may still have some life.



Read 653 times Last modified on Friday, 08 February 2019 11:10
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