CEVA Logistics rejects US$1.5bn take over bid from DSV
CEVA Logistics has rejected a US$1.5bn bid from DSV, while CMA CGM is considering increasing its 25% stake in CEVA.
The French carrier reaffirmed its ambition to turn the company into a stronger logistics leader and said it supports the decision of CEVA’s board of directors to reject the bid.
CEVA’s board of directors agreed to modify the current agreement between CEVA and CMA CGM, with the latter now allowed to increase its holding from 25% up to one third with immediate effect.
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