DSV

Supply chain radar: DSV – Panalpina – Agility: the vortex increases its pull

Investors following the DSV–Panalpina–Agility story are puzzled as to what could happens next, according to a New York-based portfolio manager I spoke to yesterday, echoing similar views of traders in London.
One swallow
“Agility (AGY) could swallow Panalpina (PAN) overnight, or just take it over and leave the foundation with a minority stake. Either way it would be a good deal for both,” I was told.
I don’t think so.
While many investors still …

The post Supply chain radar: DSV – Panalpina –...

https://theloadstar.co.uk/supply-chain-radar-dsv-panalpina-agility-the-vortex-increases-its-pull/

Supply chain radar: Panalpina’s master plan has a secret twist and mystery suitor

The master plan drafted by Panalpina (PAN) is so ambitious that it implies the possible involvement of a third player, market sources say, despite the fact that the Swiss 3PL has yet to finalise a deal of any kind with Kuwait-based Agility (AGY).
For the record, a PAN-AGY tie-up has been in the making well before DSV sneaked in with its initial Sfr170 a share proposal for PAN on 16 January.
Trash
Insiders remain adamant the Panalpina’s controlling …

The post Supply chain radar: Panalpina’s...

https://theloadstar.co.uk/supply-chain-radar-panalpinas-master-plan-has-a-secret-twist-and-mystery-suitor/

Grab some popcorn and watch the Panalpina-DSV-Agility soap opera

The twists and turns of the Panalpina saga continue. The very latest news is that investors have expressed concern over a Panalpina tie-up with Agility, with talks confirmed this morning. 
The Swiss forwarder also confirmed a revised – all cash – Sfr180 per share offer from DSV, but as reported in The Loadstar Premium on 5 February, Panalpina is hoping to seal a deal with the Kuwaiti logistics company. 
Panalpina said it was …

The post Grab some popcorn and watch the Panalpina-DSV-Agility soap...

https://theloadstar.co.uk/grab-some-popcorn-and-watch-as-panalpina-dsv-agility-soap-opera-goes-on/

Supply chain radar: Panalpina goes for a merger of unequals – what if DSV walks away now?

Surprise surprise: Panalpina (PAN) today announced the board of directors confirmed “media reports that it is in discussions with Agility Group (AGY) on potential strategic opportunities with regard to their respective logistics businesses. The discussions between the two companies are at a preliminary stage.”
Spot the difference
“PANAGY Integrated Logistics, yeah call it ‘PIL’, could well be a match made in heaven” – Mr Harper (05 February 2019), Loadstar Premium, taken from “DSV is …

The post S...

https://theloadstar.co.uk/supply-chain-radar-panalpina-goes-for-a-merger-of-unequals-what-if-dsv-walks-away-now/

DSV comes back with increased takeover offer for Panalpina

The Board of Directors of Panalpina confirms that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF 180 per share, all in cash.

According to its fiduciary duties, the Board of Directors of Panalpina is reviewing the revised proposal from DSV in conjunction with its professional advisers.

“Further announcements will be made as appropriate”, Panalpina said in its press release.

The post DSV comes back with increased takeover offer for Panalpina...

https://container-news.com/dsv-increased-takeover-offer-panalpina/

Supply chain radar: DSV + Panalpina a no deal? ‘The E.G. foundation doesn’t want to sell out under any circumstances’

I knew hard days would come for me in the DSV + Panalpina (PAN) news chase, and we are now at that stage where calling the outcome of the deal has become increasingly challenging.
Background 
As you might know, the chief sources who helped us break news on 16 January that a Sfr170 a share proposal for the Swiss 3PL would emerge within six hours, also predicted the initial approach would be …

The post Supply chain radar: DSV + Panalpina a no deal? ‘The E.G. foundation doesn’t want to sell out...

https://theloadstar.co.uk/supply-chain-radar-dsv-panalpina-a-no-deal-the-e-g-foundation-doesnt-want-to-sell-out-under-any-circumstances/

Panalpina shareholder hits out over decision to reject DSV takeover bid

Panalpina is set to reject DSV’s offer of Sfr170 per share, according to sources close to the deal, despite an appeal by one Panalpina shareholder.
Sources told Loadstar Premium last night DSV had already offered up to Sfr200 per share, but that it “was not about the money”.
However, Panalpina shareholders did not necessarily agree.
In an open letter, Artisan Partners, which owns some 12% of Panalpina, expresses its disappointment at the handling …

The post Panalpina shareholder hits out over...

https://theloadstar.co.uk/panalpina-shareholder-hits-out-over-decision-to-reject-dsv-takeover-bid/

Supply chain radar: Panalpina board set to reject DSV’s proposal – Plan B? To turn acquisitive

Market sources close the Sfr4bn takeover of Panalpina (PAN) by DSV have said that the board of directors of the Swiss 3PL are set to formally reject the Danish company’s initial proposal, which was offered at Sfr170 a share.
“DSV has already offered significantly more than Sfr170 a share, looking to pay Sfr200-plus a share, but it’s not about the money.
“There is emotional attachment to the PAN story, and for DSV, well …

The post Supply chain radar: Panalpina board set to reject DSV’s proposal –...

https://theloadstar.co.uk/supply-chain-radar-panalpina-board-set-to-reject-dsvs-proposal-plan-b-to-turn-acquisitive/

DSV vows to continue on acquisition trail as it celebrates rise in profits

Profits may be on the up for DSV, but in its full-year results presentation today, the forwarder maintained a silence on its attempt to acquire Panalpina.
Despite rejection of its $4.1bn bid for the Swiss operator, DSV said it would continue to pursue M&A activity.
Chief executive Jens Bjorn Andersen told shareholders: “This process has seen us get bigger and today we are much stronger as a result of our prior purchases.”
DSV group …

The post DSV vows to continue on acquisition trail as it...

https://theloadstar.co.uk/dsv-vows-to-continue-on-acquisition-trail-as-it-celebrates-rise-in-profits/

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