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Majority shareholder attacks Panalpina board in open letter

DSV's takeover bid on Panalpina leads major shareholder Artisan Partners to lash out at senior members of Panalpina's board of directors in an open letter. The chairmanship should be excluded from discussions about the offer from the Danish logistics company, says Artisan.

Major shareholder Artisan wants Chairman Peter Ulber to recuse himself from review of DSV offer. | Photo: Panalpina

Updated at 1.39 pm CET with new header and subheader

In an open letter, one of the biggest shareholders in Swiss-based logistics company Panalpina is now lashing out at key members of the company's board of directors.

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