Panalpina’s Largest Shareholder Rejects DSV Takeover Bid

Credit: Panalpina
LONDON—Ernst Göhner Foundation, which owns approximately 46% of Swiss freight-forwarder Panalpina, has rejected a Panalpina takeover approach from Danish freight-forwarder DSV. In mid-January, DSV submitted an unsolicited, nonbinding proposal to acquire Panalpina for CHF170 ($172) per share...

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