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.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.