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REFILE-UPDATE 1-Denmark's DSV to buy UTi for $1.35 bln to boost global reach

2015-10-10 09:24:36| Logistics - Topix.net

Danish transport and logistics group DSV is buying UTi Worldwide in a deal that values the U.S.-based rival at $1.35 billion, saying the deal offered to give it greater global reach as well as opportunities for synergies and cost savings. Shares in DSV, which had held abortive takeover talks with UTi last year, rose as much as 6.7 percent to a record 270.4 Danish crowns.

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