DSV takeover bid for CEVA Logistics rebuffed, but CMA CGM eyes bigger stake

October 11, 2018 Gavin van Marle

CEVA Logistics has rejected an unsolicited takeover bid by Danish rival DSV worth around $2.5bn.
DSV confirmed today it had made an offer of CHF27.75 per CEVA share, which is listed on the Swiss stock exchange with a share issue of some 55m.
The offer would value its equity at just over $1.5bn – a figure that goes up to $2.5bn once CEA’s net debt of around $1bn is included. CEVA was IPO’d at CHF27.5 ...

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