Rebel UTi shareholder concedes to DSV acquisition

The obstinate shareholder standing in the way of DSV's bid on UTI Worldwide has had a change of heart after reviewing UTI's latest financial performance in detail.

Sterling Capital Management - the investment firm which initially turned its nose up at DSV's offer to acquire UTI - has now changed its response to the bid from the Danish logistics company, reports Lloyd's List after a statement to US Securities and Exchange Commission.

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