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UTi Worldwide investor urges against takeover deal
2015-10-21 19:41:00| Logistics - Topix.net
Sterling Capital Management discloses a 3.3% active stake in UTI Worldwide , and has sent a letter to UTIW shareholders urging them to oppose a takeover by DSV.
Tags: deal
worldwide
investor
urges
DSV Ramps Up Global Consolidation With Deal to Acquire UTi Worldwide
2015-10-16 20:47:05| Logistics - Topix.net
The acquisition of UTi by DSV of Denmark is expected to increase DSV's annual revenue by about 50%. U.S. and European logistics managers should benefit from the creation of one of the world's largest transport and logistics networks and the advanced geographical synergies resulting from the deal.
Tags: global
deal
worldwide
consolidation
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.
DSV and UTi Worldwide Combination Provides a Balanced Global Presence
2015-10-12 23:20:11| Logistics - Topix.net
The industry had just barely digested the XPO Logistics acquisition of Con-way when DSV announced its intentions to acquire UTi Worldwide. Perhaps not as surprising as XPO Logistics' recent acquisitions but it is one that can be a game changer within the global logistics market.
Tags: global
combination
presence
worldwide
UTi Worldwide Stock Rating Lowered by Stephens
2015-10-12 15:48:18| Logistics - Topix.net
Several other brokerages have also recently weighed in on UTIW. RBC Capital reaffirmed a "hold" rating on shares of UTi Worldwide in a research note on Saturday, September 5th.
Tags: rating
stock
worldwide
lowered
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