DSV

Analysis: DSV + Panalpina – from Basel to the sleeping tiger of logistics disruption

With investment bank UBS coordinating the meetings, of course, talk of a Monday DSV+PAN announcement has already begun.
Emotions are running high in secret rooms in Basel – a little town in the Alps on the French-German border, where a pint of lager costs almost 10 quid, and a “Double Whopper” at Burger King is twice as expensive as in London’s Leicester Square.
That might be the reason why, I thought initially, on Tuesday night, Panalpina …

The post Analysis: DSV + Panalpina – from Basel to the...

https://theloadstar.co.uk/analysis-dsv-pan-from-basel-to-the-sleeping-tiger-of-logistics-disruption/

Supply chain radar: DSV & Panalpina – ‘The only question is the final price tag’

Well, what a week that was. So just before you all sign off for the weekend, here’s a last titbit:
The same market sources who helped The Loadstar break news that Swiss 3PL Panalpina would received a Sfr170 a share proposal from DSV, when asked whether they could confirm that the foundation “is significantly more flexible than in the past”, in terms of openness to takeover talks, replied today “the only question is the final …

The post Supply chain radar: DSV & Panalpina – ‘The only question is...

https://theloadstar.co.uk/supply-chain-radar-dsv-panalpina-the-only-question-is-the-final-price-tag/

Supply chain radar: Mid-game gambits – the next moves in DSV + PAN vs CMA CGM + Ceva

I am afraid this is a quick and dirty take with no numbers at all today – thank God is Friday, as my brain and calculators can barely cope with all the different scenarios I have investigated in the past 48 hours. The key takeaway?
DSV + Panalpina is going to happen, but spare a thought for CMA CGM...

https://theloadstar.co.uk/supply-chain-radar-mid-game-gambits-the-next-moves-in-the-dsv-pan-vs-cma-cgm-ceva/

Supply chain radar: Here is what DSV + Panalpina means for the Ernst Göhner foundation

Here are some calculations based on DSV’s Sfr4bn proposal for Panalpina announced on Wednesday, and what it means for the Swiss company’s key shareholder – the Ernst Göhner foundation, which controls 45.9% of the target’s equity capital.
The numbers I ran suggest that, based on the Danish group’s initial approach, the Ernst Göhner foundation would retain a stake of about 7.7% in the combined DSV + Panalpina entity.
Crucially, Panalpina pays out hefty dividends …

The post Supply chain radar: Here...

https://theloadstar.co.uk/supply-chain-radar-here-is-what-dsv-panalpina-means-for-the-ernst-gohner-foundation/

Supply chain radar: a Sfr200 a share bid for Panalpina? DSV (in) vs K+N (out)

Between CEVA Logistics and Panalpina, DSV perhaps chose the lesser evil, but the story within the story here is that the Danish company is very likely to outbid K+N for Panalpina under ‘any scenario’, according to most of my market sources, if K+N ever decides to engage in a bidding war.
Deal in the making
The foundation that controls ~ 46% of Panalpina is taking its time to decide what to do with …

The post Supply chain radar: a Sfr200 a share bid for Panalpina? DSV (in) vs K+N (out) appeared...

https://theloadstar.co.uk/supply-chain-radar-a-sfr200-a-share-bid-for-panalpina-dsv-in-vs-kn-out/

DSV’s “opening gambit” for Panalpina could trigger rival bids

DSV’s offer yesterday of CHF170 per share for Panalpina – thought to be an “opening gambit” – would create the third largest global freight forwarder by revenue, behind DHL and Kuehne & Nagel.  
But analysts think DSV’s move, revealed last night by Loadstar Premium, could trigger a bidding war for the Swiss forwarder, with Kuehne + Nagel (K+N) most likely to show interest. 
Panalpina became a more attractive target after an activist investor, Cevian, which holds a 12% share, succeeded in...

https://theloadstar.co.uk/dsvs-opening-gambit-for-panalpina-could-trigger-rival-bids/

Supply chain radar: Panalpina takeover – here comes the bidding war

Klaus-Michael Kuehne is taking it personally, according to several market rumours, so I asked Mr Harper, a senior M&A market guru, what he made of the possibility of DSV losing out to Kuehne + Nagel in its pursuit for Panalpina.
When, in November, I wrote about a bidding war in the making for CEVA Logistics, (valued in the same ballpark as Panalpina, but with a fundamentally different capital structure) the part I …

The post Supply chain radar: Panalpina takeover – here comes the bidding war...

https://theloadstar.co.uk/supply-chain-radar-panalpina-takeover-here-comes-the-bidding-war/

DSV has made a proposal to acquire Panalpina

DSV can confirm that it has made an indicative and private proposal to Panalpina’s Board of Directors to acquire Panalpina.

In response to Panalpina Welttransport Holding AG’s (“Panalpina”) announcement, DSV can confirm that it has made an indicative and private proposal to Panalpina’s Board of Directors to acquire Panalpina.

The consideration consists of 1.58 DSV shares and CHF 55 in cash for each Panalpina share. Based on closing prices as of 11 January 2019, the value of the offer is CHF 170...

http://container-news.com/dsv-proposal-acquire-panalpina/

Market Insight: Q&A with Hans Willam – lessons from 45 years’ experience in logistics

I had yet to be born in the early 1970s, when Hans Willam (pictured above), chairman of WCL Worldwide Consultants in Logistics GmbH, Germany, already had a few years under his belt in logistics, working for Swiss 3PL Kuehne + Nagel (K+N), the undisputed ocean freight market leader with over 4m teu shipped worldwide.
I asked Mr Willam to break down his experience over four decades – the changes he witnessed and what …

The post Market Insight: Q&A with Hans Willam – lessons from 45 years’...

https://theloadstar.co.uk/market-insight-qa-with-hans-willam-lessons-from-45-years-experience-in-logistics/

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