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.

BY JOHANNES HARTKOPF-MIKKELSEN

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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Rebel UTi shareholder concedes to DSV acquisition

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DSV Chief is not worried about obstinate UTI shareholder

Analysts: Weak markets are unlikely to affect DSV

Panalpina profit declines in the face of currency headwind

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Dubai challenges Singapore as shipping's favorite city

Hapag-Lloyd were in talks to acquire state-owned port company

Cosco to build production chain for green methanol

Carsten Mortensen wants to build green reefer ship for banana export

Jobs