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.

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