ShippingWatch

"We think DSV's offer is difficult to beat"

The offer from DSV on Panalpina could be hard to turn down, says investment bank Jefferies after DSV's share price has increased and the most obvious rival has withdrawn from the bidding war.

Photo: PR-foto/DSV

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.

The purpose of the acquisition is to strengthen and broaded DSV's business, and according to Jefferies, the takeover could boost DSV's revenue by 50 percent, just as it could increase the company's earnings per share by 5-20 percent.

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