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Denmark's DSV to buy UTi Worldwide for $1.35 bln

2015-10-09 13:18:36| Logistics - Topix.net

Oct 9 Danish freight firm DSV said it had signed an agreement to buy U.S. based rival UTi Worldwide for $1.35 billion. DSV offered $7.10 in cash per share, which represents a premium of about 50 percent to UTi's closing price on Oct. 8, and a premium of around 34 percent to the 30-day volume-weighted average closing price.

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