"We think DSV's offer is difficult to beat"
![Photo: PR-foto/DSV](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article8663449.ece/ALTERNATES/schema-16_9/dsv2.jpg)
It could be difficult for Swiss-based freight forwarder Panalpina to turn down the offer from DSV, which was announced in mid January, says investment bank Jefferies in an update ahead of publication of DSV's annual report, set for Thursday.
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