ShippingWatch

Shareowner rejects DSV's purchase offer

While DSV's proposed acquisition of UTI Worldwide was welcomed by the board, the owner of 3.28 percent of the shares will ultimately reject the offer from the Danish logistics company.

Photo: PR-foto/DSV

DSV's possible purchase of American company UTI Worldwide met resistance from its owners Sterling Capital Management, who own a 3.28 percent stake in UTI.

The company intends to vote against DSV's purchase when it gathers an extraordinary general meeting on the subject, according to Bloomberg News.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs