Denmark’s DSV proposes $4 bln takeover bid for Switzerland's Panalpina

01/16/2019 9:15:00 AM (GMT)

Danish transport and logistics company DSV has presented a proposal to acquire Swiss logistics company Panalpina in a 4 billion Swiss francs ($4 billion) takeover bid.

DSV will pay for 23.7 million outstanding shares in Panalpina at $172.1 per share.

Panalpina’s board is still reviewing the proposal in conjunction with its professional advisers.

In 2017, DSV booked $11.44 billion in revenue.

DSV

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