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, comprising a mix of cash and DSV shares. Joining the two companies would create “a leading global transport and logistics company,” with significant growth potential, DSV said in ...

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