The Board of Directors of Panalpina has confirmed 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.
In another statement, Panalpina also confirmed reports that it is in preliminary discussions with Agility Group on potential co-operative opportunities with regard to the companies’ respective logistics businesses.