The Swiss logistics group, Panalpina is taken from the Danish competitor DSV. The three largest Panalpina shareholders, the tender Ernst-Göhner-Stiftung, Cevian Capital, as well as Artisan Partners, your share will within the framework of a public exchange offer, the competitors, DSV, Panalpina, on Monday.
This exchange offer is supported by shareholders that hold a total of 69.9 percent of the shares of Panalpina. Pursuant to the exchange offer, the DSV offers 2,375 Treasury shares for a Panalpina-share. Based on the DSV-closing price of last Friday, the exchange offer represents an implied offer price of 195,80 francs per Panalpina-share.
For the Basler group DSV was presented in January a first takeover offer. According to a Supplement to the offer to date has been, officially at 180 francs per Panalpina shares, which corresponded to a total of 4,27 billion Swiss francs. With the upgraded service, Panalpina is now valued at 4.6 billion.
on completion of the transaction is expected for the fourth quarter of 2019, it said. After the completion of the exchange offer and of the DSV and Panalpina would be one of the world's largest logistics companies with a combined turnover of around 118 billion Danish crowns (approximately € 18.2 billion Swiss francs), and a combined workforce of around 60'000 employees
the Name of The company shall then be in "DSV Panalpina A/S". Against the Background of today's merger, the Board of Directors of Panalpina has decided to postpone for next Friday, provided extraordinary Panalpina annual General meeting. (Dec/sda)
Created: 01.04.2019, 07:33 PM