On Monday, Panalpina’s largest shareholder, the Ernst Göhner Foundation, said it does not support the non-binding proposal from Denmark-based rival DSV to purchase the Swiss forwarding giant. About two weeks ago, Panalpina’s board said that “according to its fiduciary duties,” it would review the proposal with its professional advisers. The offer,
Author: Kunle Junaid
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This morning, the Panalpina board of directors confirmed that it had received an unsolicited, non-binding proposal from Danish logistics rival DSV to purchase the Swiss forwarding giant. The offer was for CHF170 per share, from a combination of cash and DSV shares, adding up to about US$4 billion. The board stated
DHL Supply Chain invests in automated technology to combat e-commerce challenges
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FedEx Acquires Australia’s Manton
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