Bär & Karrer Ltd. | View firm profile
On
1 April 2019, DSV A/S, Hedehusene, Denmark and Panalpina Welttransport
(Holding) AG, Zurich, Switzerland, have entered into an agreement on the terms
and conditions of a combination by way of a public exchange offer by DSV for
all publicly held registered shares of Panalpina for approximately CHF 4.6
billion. The board of directors of Panalpina has resolved to support the public
exchange offer by DSV and to recommend the acceptance of DSV's public exchange
offer to its shareholders.
Panalpina's
three major shareholders, who in total hold approximately 70% of the share
capital in Panalpina, have committed to tender their Panalpina shares into the
exchange offer.
Bär
& Karrer is acting as Swiss counsel of DSV in connection with the public
ex-change offer, while Moalem Weitemeyer Bendtsen acts as Danish counsel and
Skadden Arps Slate Meagher & Flom as US and international counsel of DSV.
The Bär & Karrer team includes Eric Stupp, Mariel Hoch, Fabienne Perlini,
Florentin Weibel, Martin Peyer and Monika Maric (all M&A), Thomas U.
Reutter and Annette Weber (both Capital Markets), Susanne Schreiber (Tax), Mani
Reinert (Antitrust) and Laura Widmer (Employment).