denmark's dsv to buy logistics company panalpina in $4.6 billion deal - what's the best air purifier to buy

COPENHAGEN/Zurich (Reuters)-
Shares of Swiss logistics group Panalpina rose 4 points.
6 billion Swiss francs (3.
52 billion)
The acquisition of DSV, a Danish competitor, ended a two-month battle aimed at consolidating the size of the transportation industry.
DSV's chief executive, Jens Bjorn Andersen, has been looking to expand the company's global reach and help cut costs. He said Monday that pan
2 share quotation.
Panalpina shares 375 DSV shares per share.
DSV shares rose 2.
Shares rose 5% in early trading, while Panalpina shares rose 15%.
Combination of DSV and Panalpina Air-and sea-
The freight business will create the world's number one. 4 freight-
Only freight companies with DHL logistics, Kuehne & Nagel and DB Schenker are bigger now.
The 20 largest freight forwarding companies control only the third market, and as companies look for ways to improve profitability and leverage economies of scale, the industry is ripe for acquisitions or cooperation.
The new offer gives an implied price of 195.
Compared with February of DSV, Panalpina has 8 Swiss francs per share.
A cash offer of 180 francs per share, and a cash and stock offer at the beginning of January worth 170 francs at that time.
The acquisition ended a fight between Panalpina's shareholders and radical investors over the future of the company.
The Ernst ghona Foundation, which owns 46% Panalpina, has previously resisted pressure from 12 countries.
Cevian Capital and 9, shareholders of 3%.
9% owner craftsman partners sell the company to DSV.
Both the foundation and Cevian said they supported the agreement.
"We welcome the agreement between Panalpina and DSV," Cevian co-
Founder Lars Forberg said in a statement.
"We believe that this combination has a good industrial logic that will create one of the best companies in the logistics industry.
Anderson said he believes the DSV will be able to integrate Panalpina into the DSV in two to three years, and he believes the competition authorities will approve the deal.
He said that his goal was to increase the profit margin of the merged company to the profit margin of DSV, but declined to give more specific guidance.
According to Sydbank's analysts, DSV's pre-interest profit was close to 7% in 2018, while Panalpina's pre-interest profit was about 2%.
Sydbank Mikkel Emil Jensen analysts said that DSV had previously managed to increase the profit margin of the company they acquired, which means that shareholders will bring skeptical benefits to DSV.
Mr Anderson said the DSV would hold a general meeting to get them to approve the deal.