The Board of Directors of Panalpina announced on January 16 that it has received an unsolicited, nonbinding proposal from DSV to acquire the company at a price of CHF 170 per share, comprising a mix of cash and DSV shares.
According to its fiduciary duties, the Board of Directors of Panalpina is reviewing the proposal together with its professional advisers.
Further announcements on the purchase will be made in due course.