|Bid||534.20 x 0|
|Ask||534.60 x 0|
|Day's Range||512.80 - 538.00|
|52 Week Range||424.00 - 611.40|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||24.80|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||2.00 (0.38%)|
|1y Target Est||588.24|
A/S raised its offer to take over Panalpina to $4.3 billion on Friday, after the Switzerland-based company disclosed it was in separate talks to merge logistics operations with Kuwait’s Agility Group. DSV sweetened an offer made earlier this month to 180 Swiss francs ($178.6) per Panalpina share, 10 more than the previous bid. The new talks with Agility focus on whether Panalpina can take over Agility’s logistics network in return for Agility becoming a substantial Panalpina shareholder, a person involved in the matter said.
Danish logistics group DSV A/S sweetened its offer for Panalpina to $4.3 billion (£3.4 billion), with a tug of war escalating on Friday over the Swiss company as it weighs a separate deal with Kuwait's Agility Group. DSV raised its bid for Panalpina to 180 Swiss francs per share in cash last week from the previous cash-and-shares offer worth around 170 francs, the Danish company said. DSV went public with its raised offer after Panalpina and Agility Group announced a possible tie-up.
ZURICH (Reuters) - Swiss freight forwarder Panalpina could buy the logistics business of Agility Group, with the Kuwaiti company potentially taking a stake in Panalpina, people familiar with preliminary ...
DSV A/S (“DSV”) is aware that Panalpina Welttransport Holding AG (”Panalpina”) on 15 February 2019 has made public that Panalpina and Agility Group are pursuing a private combination. In continuation of the Company Announcements no. 734 of 16 January 2019 and no. 735 of 4 February 2019 DSV informs that DSV on 6 February 2019 has put forward to the Board of Directors of Panalpina a revised indicative and contingent all-cash offer to the shareholders of Panalpina at CHF 180 per Panalpina-share. The revised all-cash offer was made in response to feedback received from Panalpina and included e.g.
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Notice of Annual General Meeting Notice is hereby given that the Annual General Meeting of DSV A/S will be held on: Friday 15 March 2018 at 2:00 p.m..
“It’s not dead,” Chief Financial Officer Jens Lund said by phone on Thursday. DSV last month bid about $4 billion for Panalpina, hoping to add to a string of successful takeovers that have made the Danish company the world’s fifth-biggest in an otherwise fragmented market. Panalpina’s largest shareholder, the Ernst Goehner Foundation, this week rejected the bid, though there’s speculation it may accept a higher offer.
Company Announcement No. 736 "We delivered a strong set of results for 2018. Q4 2018 was in line with our expectations and we can report an EBIT of DKK 5,450.
MILAN/LONDON (Reuters) - European shares were flat on Monday as the heavyweight banking sector fell further following poor results from Julius Baer and as optimism fueled by strong U.S. economic data faded. The pan-European STOXX 600 index added 0.1 percent after being lifted on Friday by upbeat U.S. jobs data which helped eased worries over the health of the global economy. Banks were the biggest drag to the STOXX 600 with Julius Baer falling more than 4 percent after a tough end to 2018 caused the Swiss private bank to scale back growth targets.
Danish logistics company DSV's $4-billion-plus bid for Panalpina hit a roadblock on Monday when the Swiss freight forwarder's top shareholder rejected the offer, saying Panalpina should stick to its own "consolidator strategy". Panalpina shares were down 6.1 percent at 167.4 Swiss francs at 1214 GMT. The snub by the Ernst Goehner Foundation, which owns nearly 46 percent of Panalpina, marks the second time in the last few months that DSV Chief Executive Jens Bjorn Andersen has encountered resistance in Switzerland.
Company Announcement No. 735 On 4 February 2019, Panalpina Welttransport Holding AG (“Panalpina”) disclosed a company announcement stating that the Ernst Göhner Foundation,.
European shares were mixed at the open on Monday as optimism fueled by data showing a buoyant U.S. labour market last week faded while a flurry of corporate news triggered sharp individual moves. The pan-European STOXX 600 was down 0.1 percent at 0841 GMT with regional indexes experiencing a choppy start of the trading session. Germany's Wirecard scored the best performance in early deals with its shares skyrocketing 15 percent after it said a law firm it appointed made no conclusive findings of criminal misconduct after allegations of irregularities.
Today we'll evaluate DSV A/S (CPH:DSV) to determine whether it could have potential as an investment idea. In particular, we'll consider its Return On Capital Employed (ROCE), as that can Read More...
By John Miller ZURICH (Reuters) - French shipping company CMA CGM on Monday formally launched a cash offer to buy out other shareholders of Ceva Logistics (CEVAL.S), valuing the Swiss freight forwarder ...
MILAN/LONDON (Reuters) - European shares ended off highs on Thursday as a bounce in tech stocks after results from chipmaker STMicro was offset by late slide among banks following downbeat comments from ECB President Mario Draghi over the health of the region's economy. The euro zone STOXX index ended up 0.5 percent, having risen as much as 0.8 percent earlier in the day, while Germany's DAX was also up 0.5 percent and Italy's FTSE MIB climbed 0.9 percent. Draghi acknowledged on Thursday that economic growth in the euro zone was likely to be weaker than previously expected due to the fallout from factors ranging from China's slowdown to Brexit.
Denmark's DSV (DSV.CO), whose tentative $4 billion (£3 billion) bid for Swiss shipper Panalpina (PWTN.S) would be its largest takeover, will seek additional billion-dollar deals regardless of this offer's fate, Chief Executive Jens Bjorn Andersen said. In Zurich for meetings, Andersen said the allure of cost-cutting, including trimming duplicate jobs, as well as broadening global reach with Panalpina's air- and sea-freight operations, are driving his bid to create what would be the world's No. 4 freight-forwarding company. Only DHL Logistics, Kuehne & Nagel (KNIN.S) and DB Schenker would be bigger.
The global logistics mergers-and-acquisitions market may be set to kick into high gear. Welttransport Holding AG suggests stockpiles of cash and pent-up demand from operators and private equity could come into the market and trigger a new wave of consolidation among large logistics companies. Inc. capped a period of big tie-ups with multibillion-dollar acquisitions.
We expect to publish the 2018 Annual Report of DSV A/S in the morning of 7 February 2019. A conference call is scheduled for 11 AM CET. At the call, CEO Jens Bjørn Andersen.
By Helen Reid LONDON (Reuters) - European shares closed the day in positive territory on Wednesday as British Prime Minister Theresa May's resounding defeat in a parliamentary vote on her Brexit deal gave ...
ZURICH/COPENHAGEN (Reuters) - Denmark's DSV (DSV.CO) has made a $4.1 billion (£3.1 billion) takeover approach to Swiss rival Panalpina (PWTN.S) to try to close the gap on the world's top three freight transport companies. Shares in Panalpina, which has come under pressure from an activist investor to do a deal, jumped as much as 31 percent to an 11 year high of 179.3 Swiss francs on Wednesday - above DSV's proposal and signalling investors expect a higher offer. Logistics companies are looking to build scale in a fragmented freight transport market.
In response to Panalpina Welttransport Holding AG’s (“Panalpina”) announcement today, we can confirm that DSV 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 per share.
If you want to know who really controls DSV A/S (CPH:DSV), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in bigger Read More...
Company Announcement No. 733 On 26 October 2018, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 721 of 26 October 2018. According to the.
Company Announcement No. 732 On 26 October 2018, DSV A/S initiated a share buyback programme, as described in Company Announcement No. 721 of 26 October 2018. According to the.