Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

DSV Eyes CH Robinson's Global Forwarding Unit: Reuters

  • DSV A/S (OTC:DSDVF) says it is interested in buying its U.S. rival CH Robinson Worldwide Inc's (NASDAQ:CHRW) business that specializes in arranging international cargo transport on behalf of shippers, Reuters reported citing a source familiar with the matter.
  • DSV is seeking to expand in North America and has met with a small group of investors to discuss acquiring C.H. Robinson's worldwide forwarding business, which would offer it key access to trans-Pacific ocean trade routes. The unit might fetch up to $9 billion, the report noted.
  • DSV is currently not interested in acquiring all of C.H. Robinson or its freight brokerage business, the report added.
  • In February 2022, C.H. Robinson settled with activist investment firm Ancora Advisors, appointed two new directors, and formed a committee to assess value creation options.
  • Price Action: CHRW shares are trading higher by 8.12% at $108.47, and DSDVF is lower by 0.45% at $135.68 on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.