Analyst says Panalpina is likely to reject acquisition bid from DSV

While DSV acknowledged that a combination of DSV and Panalpina would create a leading global transport and logistics company with significant growth opportunities and potential for value creation, adding that a combination presents a unique opportunity for both companies and their respective stakeholders including shareholders, employees, customers and suppliers, it now appears that the chances of a deal coming to fruition are less than likely.
Source: logistics Mgmt