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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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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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UTi Worldwide agrees to acquisition by DSV in $1.35 bn deal

2015-10-10 05:09:55| Logistics - Topix.net

Our eNewspaper network was founded in 2002 to provide stand-alone digital news sites tailored for the most searched-for locations for news. With a traditional newspaper format, more than 100 sites were established each with a newspaper-type name to cover the highest-ranked regions, countries, cities and states.

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UTi Worldwide Surges; Alcoa, Gap, Ruby Tuesday Tumble

2015-10-10 00:50:53| Logistics - Topix.net

American Airlines total revenue passenger miles in September jumped 7.2%. Electro Rent net tumbled 48%.

Tags: tuesday worldwide gap ruby

 

UTi Worldwide Agrees to $1.35 Billion Acquisition by DSV

2015-10-09 16:29:12| Logistics - Topix.net

Logistics operator UTi Worldwide Inc. agreed to a $1.35 billion acquisition by DSV, a Danish supply chain and forwarding company that marks the latest consolidation in that industry. The acquisition of the U.S. company, which has struggled to reverse recent losses through a restructuring, follows logistics-related transactions this year involving XPO Logistics, FedEx Corp., UPS Inc., Echo Global Logistics and overseas.

Tags: worldwide billion acquisition agrees

 

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