IFLR1000

DSV public exchange offer for Panalpina

1/4/2019
Merger
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SFr 4.6 billion

$ 4.611 billion

Announced

1/4/2019

Overview:

  • Danish logistic company Panalpina has agreed to merge with Swiss logistics company DSV by way of public exchange offer.
  • Under the terms DSV will offer 2.375 of its shares for each Panalpina share.
  • The share offer is equivalent to SFr195.8 per Panalpina share which will bring the transaction value to approximately SFr4.6 billion.
  • The combined business is valued at SFr17.8 billion with 60,000 employees in 90 countries.

Rajeeb Gurung - Researcher

Jurisdictions:

Denmark
Switzerland
United Kingdom

Deal type:

Merger

Practice area:

M&A

Industry sector:

Logistics

Firms:
Bär & Karrer

Party: DSV (Merger party)

Lawyers: Eric Stupp, Mariel Hoch

Homburger

Party: Ernst Göhner Foundation (Shareholder)

Lawyers: Daniel Daeniker, David Oser

Moalem Weitemeyer

Party: DSV (Merger party)

Schellenberg Wittmer

Party: Panalpina (Merger party)

Lawyers: Martin Weber (retired), Pascal Hubli

Skadden Arps Slate Meagher & Flom

Party: DSV (Merger party)

Lawyer: Lorenzo Corte

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