Report
Michael Field
EUR 100.00 For Business Accounts Only

DSV Company Report

Narrow-moat DSV announced a bid on Jan. 16 for transport peer Panalpina in a mixed cash and share offering, two thirds shares and one third cash. This represents a premium of almost 25% to the Jan. 15 closing price. The Panalpina board has commented only to acknowledge the offer, but we believe that the premium and structure of the offer may be enough to entice the company to accept. However, the resulting share price move for Panalpina slightly above the offer price would suggest that investors...
Underlying
DSV Panalpina A/S

DSV is engaged in the provision of transport and logistics solutions. As of Dec 31 2014, Co.'s operations comprised of three business areas. The DSV Air and Sea business provides air and sea freight services and designs project solutions. The DSV Road business provides road and rail transport services including full loads, part loads and groupage. The DSV Solutions business area specializes in contract logistics, which include logistic and warehousing solutions, as well as freight management, custom clearance, order management and e-commerce solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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Analysts
Michael Field

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