Deals
DSV Nears Deal to Buy Panalpina After Improving Offer
- Announcement could come as soon as this week; talks ongoing
- Danish logistics firm sweetened from last $4.3 billion bid
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DSV A/S is nearing an agreement to acquire Panalpina Welttransport Holding AG, the Swiss freight forwarder that’s been fighting for its independence, after the Danish suitor improved its offer, according to people familiar with the situation.
An agreement could be announced as early as this week, said the people, who asked not to be identified because discussions are private. DSV’s sweetened bid has won the support of the Ernst Goehner Foundation, which owns 46 percent of Panalpina and rebuffed an earlier offer, said the people. Talks are ongoing and could still fall apart, the people said.