Shares in DSV, which had held abortive takeover talks with UTi last year, rose as much as 6.7 per cent to a record 270.4 Danish crowns. UTi stock had dropped 66 per cent since the collapse of the previous deal talks.
For DSV, which has expanded through a series of acquisitions since it was founded by 10 Danish hauliers in 1976, UT i will be its biggest purchase since the acquisition of Brussels-based ABX Logistics Worldwide SA in 2008.