The third-party logistics provider’s shareholders voted overwhelmingly yesterday to adopt the previously announced merger agreement by Danish supply chain specialist DSV.
UTi Worldwide Inc’s shareholders voted overwhelmingly yesterday to adopt the previously announced $1.35 billion merger agreement with Danish supply chain specialist DSV, according to a statement from the company.
Once the transaction is finalized, each ordinary share of UTi Worldwide will convert into the right to receive a cash payment of $7.10 with no interest, UTi said.
Based out of Long Beach, Calif., UTi Worldwide operates 310 offices and 230 logistics centers across 59 countries.
UTi shareholders agree to DSV merger
