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DSV Buys UTi in $1.35 Billion as Maxim Sees Possible Rival Bid

2015-10-10 13:28:17| Logistics - Topix.net

DSV A/S agreed to buy UTi Worldwide Inc. in a transaction that implies an enterprise value of $1.35 billion as the Danish logistics company seeks to expand in the U.S. air and sea freight market. Industry history suggests that the bid may not be the final offer, Maxim Group strategist Justin Lumiere said Friday by e- mail after the announcement.

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