News Snippets

DSV confirms its offer to acquire Panalpina for roughly $4bn

DSV confirmed that it made “an indicative and private proposal” to the board of directors of Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina to acquire the company.

DSV made these comments in response to Panalpina’s 16 January announcement that it received an unsolicited, non-binding proposal from DSV to acquire the company for an offer of roughly $4bn, which is comprised of a combination of cash and DSV shares.

Panalpina said its Board of Directors is reviewing the proposal in conjunction with its professional advisers, noting “further announcements will be made as appropriate”.

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