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Denmark's DSV stands by UTi bid after law firms question price
2015-10-14 09:59:13| Logistics - Topix.net
Oct 13 Danish logistics group DSV has no intention of raising its bid for U.S.-based UTi Worldwide Inc, it said on Tuesday after four law firms said they were investigating if the UTi board had agreed to sell the company too cheaply. DSV last week agreed to buy UTi at $7.10 per share in a $1.35 billion deal that would create the world's fourth-largest logistics provider, though the deal still needs to be approved by UTi shareholders.
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Category:Transportation and Logistics