DSV, 718 - DSV A/S’ CONTACT WITH CEVA LOGISTICS AG
11 Octubre 2018 - 04:51AM
DSV, 718 - DSV A/S’ CONTACT WITH CEVA LOGISTICS AG
Company Announcement No. 718
In response to CEVA Logistics AG’s announcement this morning,
DSV A/S can confirm that it has made a private proposal to CEVA’s
Board of Directors to acquire CEVA for CHF 27.75 per share. The
proposal would provide CEVA shareholders with an attractive premium
of 50.7% to CEVA’s share price of CHF 18.42 as of 10 October 2018
and 37.0% to the 60-day VWAP of CHF 20.25 as of 10 October
2018.
Our proposal has been rejected by CEVA’s Board of Directors, and
DSV has no dialogue with CEVA regarding a voluntary public tender
offer for the outstanding equity of CEVA.
DSV has long respected and followed CEVA’s business and believes
combining the two companies would deliver significant value to all
stakeholders (including shareholders, employees, customers and
suppliers). We are confident that a combination would be in the
best interests of the stakeholders of both companies as it presents
a unique opportunity to build on the successful legacies of our
businesses by extending our service offering and giving our
combined operations additional scale.
DSV does not intend to make any additional comments on this
matter.
Any questions may be addressed to Executive Vice President,
Investor Relations, Flemming Ole Nielsen, tel. +45 43 20 33 92.
Yours sincerely,DSV A/S
- 718 - Announcement (11.10.2018) Contact with CEVA
Logistics