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Dec 22, 2005 (newstodate): Danish company DSV is in talks with Dutch Frans Maas over a potential merger of the two businesses.
DSV has informed Frans Maas that it is considering making an indicative cash offer of EUR 38 per share including any dividend for 2005 and that a majority of Frans Maas' shareholders have agreed to support the transaction.
-The parties consider that talks are appropriate in light of ongoing consolidation in the industry and the complementary nature of the two businesses, says a joint press release.
DSV operates through the transport and logistics company, earlier acquired, DFDS Transport.
DSV has informed Frans Maas that it is considering making an indicative cash offer of EUR 38 per share including any dividend for 2005 and that a majority of Frans Maas' shareholders have agreed to support the transaction.
-The parties consider that talks are appropriate in light of ongoing consolidation in the industry and the complementary nature of the two businesses, says a joint press release.
DSV operates through the transport and logistics company, earlier acquired, DFDS Transport.