Bär & Karrer Advises DSV on the Completion of the Public Exchange Offer for Panalpina
In the public exchange offer by DSV A/S, Hedehusene, Denmark, for the publicly held shares of Panalpina Welttransport (Holding) AG, listed on SIX Swiss Exchange and headquartered in Basel, Switzerland, a total of 23'379'700 Panalpina shares were tendered into the offer, corresponding to 98.44% of all shares issued by Panalpina. DSV consummated the offer on 19 August 2019. The total value of the transaction is approximately USD 5.5 billion.
Bär & Karrer acts as Swiss legal counsel of DSV in connection with the public exchange 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 und Monika Maric (all M&A), Thomas U. Reutter and Annette Weber (both Capital Markets), Susanne Schreiber and Hanna Brozzo (both Tax), Mani Reinert (Antitrust) and Laura Widmer (Employment).