February 15, 2019 / 9:01 AM / 9 months ago

BRIEF-DSV Put On Feb 6 Revised Offer For Panalpina Of CHF 180 Per Share

Feb 15 (Reuters) - DSV:

* REG-DSV, 738 - DSV A/S’ CONTACT WITH PANALPINA WELTTRANSPORT HOLDING AG

* INFORMS THAT DSV ON 6 FEBRUARY 2019 HAS PUT FORWARD TO BOARD OF DIRECTORS OF PANALPINA A REVISED INDICATIVE AND CONTINGENT ALL-CASH OFFER TO SHAREHOLDERS OF PANALPINA AT CHF 180 PER PANALPINA-SHARE

* REVISED INDICATIVE AND CONTINGENT ALL-CASH OFFER EQUATES TO AN ENTERPRISE VALUE TO 2018 EBITDA MULTIPLE OF 24X BASED ON BROKER CONSENSUS.

* CONTINUES TO CAREFULLY REVIEW SITUATION. FURTHER ANNOUNCEMENTS WILL BE MADE AS APPROPRIATE.

* IS AWARE THAT PANALPINA ON 15 FEBRUARY 2019 HAS MADE PUBLIC THAT PANALPINA AND AGILITY GROUP ARE PURSUING A PRIVATE COMBINATION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below