DSV, 719 - DSV A/S’ CONTACT WITH CEVA LOGISTICS AG
23 Octubre 2018 - 9:01AM
DSV, 719 - DSV A/S’ CONTACT WITH CEVA LOGISTICS AG
Company Announcement No. 719
DSV A/S (“DSV”) hereby announces that we on 18 October 2018 made
a revised private proposal to CEVA Logistics AG’s (”CEVA”) Board of
Directors to acquire CEVA for CHF 30.00 per share. The proposal
would provide CEVA shareholders with a premium of 60.4% to CEVA’s
share price of CHF 18.70 as of 1 October 2018 and 45.8% to the
60-day VWAP of CHF 20.58 as of 1 October 2018. This revised
proposal follows our company announcement no. 718 dated 11 October
2018.
Based on the unwillingness of the Board of Directors of CEVA to
engage directly with DSV at the price per share offered we have
decided not to pursue an acquisition of CEVA.
DSV does not intend to make any additional comments on this
matter.
Inquiries may be addressed to Executive Vice President, Investor
Relations, Flemming Ole Nielsen, tel. +45 43 20 33 92.
Yours sincerely,DSV A/S
- 719 - Announcement (23.10.2018) Contact with CEVA
Logistics