Uti Worldwide Inc (UTIW) 7.11 $UTIW DSV Acquire
Post# of 273258
Posted On: 09/02/2016 3:24:58 AM
Uti Worldwide Inc (UTIW) 7.11 $UTIW
DSV Acquires UTi Worldwide Inc.
Thomson Reuters ONE - Fri Jan 22, 6:13AM CST
COPENHAGEN, Denmark, Jan. 22, 2016 (GLOBE NEWSWIRE) -- We are delighted to announce that DSV's acquisition of UTi Worldwide Inc. has now been completed with the approval of UTi shareholders and competition authorities.
UTIW: 7.11 (+0.02)
Belmond Set to Join the S&P SmallCap 600
PR Newswire - Wed Jan 20, 4:50PM CST
Belmond Ltd. (NYSE:BEL) will replace UTi Worldwide Inc. (NASD:UTIW) in the S&P SmallCap 600 after the close of trading on Friday, January 22. DSV A/S is acquiring UTi Worldwide in a deal expected to be completed on or about that date pending final conditions.
UTIW: 7.11 (+0.02), MHFI: 107.92 (+1.16), BEL: 11.33 (+0.16)
UTi Receives Final Required Antitrust Clearance for Merger With DSV
GlobeNewswire - Wed Jan 20, 12:03PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) announced that it had received antitrust clearance in South Africa for its previously announced acquisition by DSV A/S. The South African antitrust approval was the final required regulatory approval necessary for the consummation of the transaction. Upon completion of the transaction, each ordinary share of UTi Worldwide will be converted into the right to receive a cash payment of $7.10, without interest. The merger is expected to close on January 22, 2016.
UTIW: 7.11 (+0.02)
Global Digital Logistic Market 2015-2021 - Market is Expected to Grow Up to $14 Billion
M2 - Tue Jan 19, 8:06AM CST
Research and Markets (http://www.researchandmarkets.com/research/scfvt7/global_digital) has announced the addition of the "Global Digital Logistic Market, By Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Share, Trends, Analysis, Opportunities, Segmentation And Forecast 2015 - 2021" report to their offering. The major players discussed in the report include Advantech Corportion, Digilogistics, Hexaware Technologies, Ibm Corporation, SAP AG & Oracle. The adoption of digital logistics in enterprise operations has increased significantly in last few years. Digital logistics provides a competitive edge to the organizations by making the operational activities more flexible and cost effective. The growing number of e-commerce businesses has led to excessive big data generation and a huge online customer base. Thus, to serve the vast customer base, faster processing has come the need of the time. Also, the growing adoption of cloud services such as storage and analytics are expected to create huge potential for the market. Digital systems offers an effective management of organization's assets which include transportation management, manpower management, and material management. Digital logistics provide a cost effective way to manage operations and to fulfill increasing customer expectations. Thus, increasing adoption among various organizations and constant development and innovations in technologies are major factors accelerating the market growth. Investment in new technologies will be the winning strategy of most firms to cope up with the changing market dynamics and the challenging environment. The report segmented the global digital logistics market on the basis of systems, services, applications and region. The country level analysis of each geographical region is the USP of our report. The analysis of the report is based on various parameters such as Adoption rate of RFID among various enterprise, growing amount of big data across various industries, growing IT investments by organizations, growing ecommerce business, and so on. Key Topics Covered: 1. Executive summary 2. Market Overview 3. Sector Analysis 4. Market determinants 5. Market Segmentation 6. Geographical analysis 7. Company Profiling - Advantech Corportion - Digilogistics - Hexaware Technologies - IBM Corporation - JDA Software - Oracle - Samsung Electronics Co - SAP AG - Tech Mahindra - UTI Worldwide Inc - Cognizant - TCS - Infosys - Preactor - Centum - Aurionpro - HCL Tech - Nulogx - Numerex - Integration Point - Intellect Technologies - Cheetah Software Systems - LeanLogistics - LLamasoft - E2open - Elemica - Epicor Software - QuestaWeb - SciQuest For more information visit http://www.researchandmarkets.com/research/sc...al_digital
UTIW: 7.11 (+0.02), SAP: 88.47 (+0.50), IBM: 159.54 (+0.66), NMRX: 7.58 (+0.09)
UTi Shareholders Vote to Adopt Merger Agreement With DSV A/S
GlobeNewswire - Thu Jan 14, 1:24PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) announced that its shareholders, at a special shareholders meeting and subsequent special class meeting held earlier today, have overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of UTi Worldwide Inc. by DSV A/S. Upon completion of the transaction, each ordinary share of UTi Worldwide will convert into the right to receive a cash payment of $7.10, without interest.
UTIW: 7.11 (+0.02)
The Road Ahead - Featured Research on MGIC Investment, UTi Worldwide, ZAGG INC. and New Home Company
ACCESSWIRE - Tue Dec 29, 7:20AM CST
NEW YORK, NY / ACCESSWIRE / December 29, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: MGIC Investment Corp. (NYSE: MTG), UTi Worldwide Inc. (NASDAQ: UTIW), ZAGG INC. (NASDAQ: ZAGG) and New Home Company Inc. (NYSE: NWHM). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
NWHM: 10.77 (-0.08), UTIW: 7.11 (+0.02), MTG: 8.11 (+0.02), ZAGG: 7.51 (+0.24)
BUYINS.NET: STO, BPT, UTIW, ARI, CO, PRXL Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Thu Dec 10, 5:58AM CST
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Statoil ASA (NYSE:STO), BP Prudhoe Bay Royalty Trust (NYSE:BPT), UTI WORLDWIDE INC (NASDAQ:UTIW), Apollo Commercial Real Estate Finance Inc (NYSE:ARI), China Cord Blood Corp (NYSE:CO), PAREXEL International Corp (NASDAQ
RXL) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at:
UTIW: 7.11 (+0.02), PRXL: 68.34 (+0.31), ARI: 16.48 (+0.18), BPT: 16.94 (-0.25), CO: 5.25 (-0.01), STO: 15.45 (-0.20)
Delivering Better Lives From Argentina to Zimbabwe
GlobeNewswire - Tue Dec 08, 7:01AM CST
UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions company, is proud to announce that its charitable foundation Delivering Better Lives (DBL) will be funding the building of a new Out Patients Department at Bwaila Hospital in Lilongwe, Malawi. The new department will make a substantial difference to doctors and nurses as well as the thousands of people who attend the hospital each week - many of whom currently have to wait outside, sometimes up to 12 hours, before being seen.
UTIW: 7.11 (+0.02)
UTi Introduces Multimodal Hubs for Faster Delivery
Thomson Reuters ONE - Tue Dec 01, 7:00AM CST
LONG BEACH, Calif., Dec. 1, 2015 (GLOBE NEWSWIRE) -- UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions provider has introduced new multimodal hubs in Kuala Lumpur and Ho Chi Minh City to tackle the challenges of static air cargo capacity and service its Worldwide Gateways in Europe and the USA.
UTIW: 7.11 (+0.02)
UTi Worldwide Sets Record Date and Special Meeting Dates and Will Disclose Fiscal 2016 Third Quarter Financial Results Via Form 10-Q
GlobeNewswire - Mon Nov 23, 3:05PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) today announced that its board of directors has established a record date and meeting date for the special shareholders meeting and special class meeting to approve and adopt the previously announced proposed acquisition of UTi by DSV A/S. UTi shareholders of record at the close of business on December 3, 2015 will be entitled to notice of the special meeting of all shareholders (including UTi's convertible preference shareholders voting on an as-converted basis) to be held on January 14, 2016, and also entitled to notice of the special class meeting of ordinary shareholders (excluding UTi's largest shareholder and the convertible preference shareholders voting on an as-converted basis) scheduled to be held immediately after the special shareholders meeting.
UTIW: 7.11 (+0.02)
UTi Wins Nexteer's Superior Customer Service Award
GlobeNewswire - Thu Nov 19, 7:00AM CST
UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions provider, has won Nexteer Automotive's Superior Customer Service Award. Nexteer, a global leader in advanced steering and driveline systems, made the award at their recent Annual Supplier Conference.
UTIW: 7.11 (+0.02)
UTi's New LCL Pharma Offering Sets Sail
GlobeNewswire - Tue Nov 17, 7:08AM CST
UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions provider, has launched a new temperature-controlled partial shipping service for the pharmaceutical industry, the first to connect Belgium and Israel.
UTIW: 7.11 (+0.02)
UTi Worldwide Withdraws Its Financial Guidance
GlobeNewswire - Mon Nov 09, 5:09PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) today announced that it is withdrawing the financial guidance provided on September 3, 2015 for all financial metrics and periods presented. Such financial guidance should no longer be relied upon as a representation of the Company's best estimate of future results. In light of the Company's announced transaction with DSV and the disclosures regarding the Company's recent financial performance as set forth in the preliminary proxy statement filed with the SEC earlier today, the Company will not be providing financial guidance for future periods.
UTIW: 7.11 (+0.02)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of UTi Worldwide, Inc.
BusinessWire - Wed Oct 14, 8:48PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of UTi Worldwide, Inc. ("UTi Worldwide" or "the Company"
(Nasdaq: UTIW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Danish transport Company DSV ("DSV" .
UTIW: 7.11 (+0.02)
UTi SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of UTi Worldwide Inc. (UTIW) Over the Proposed Sale of the Company to DSV
BusinessWire - Wed Oct 14, 10:16AM CDT
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of UTi Worldwide Inc. ("UTi" or the "Company" (NasdaqGS:UTIW) for potential breaches of fiduciary duties in connection with the sale of the Company to DSV for approximately $1.35 billion in a cash transaction.
UTIW: 7.11 (+0.02)
INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of UTi Worldwide Inc. And Encourages Investors To Contact The Firm For Additional Information
BusinessWire - Tue Oct 13, 4:55PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of UTi Worldwide Inc. (Nasdaq: UTIW) ("UTi" or the "Company" relating to the proposed buyout of the Company by Denmark based DSV.
UTIW: 7.11 (+0.02)
WeissLaw LLP: UTi Worldwide Inc. Acquisition by The DSV Group May Not Be In The Best Interests of UTIW Shareholder
PR Newswire - Tue Oct 13, 12:43PM CDT
The fairness of the proposed acquisition of UTi Worldwide Inc. ("UTIW" or the "Company" by The DSV Group is the subject of an investigation by WeissLaw LLP, a national class action, shareholder rights law firm. The investigation focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of UTIW for agreeing to sell the Company to DSV. On October 9, 2015, the Company announced it had reached a definitive agreement for DSV to acquire all outstanding shares of UTIW in a transaction valued at approximately $1.35 billion. Under the terms of the agreement, UTIW shareholders will receive $7.10 in cash for each UTIW share they own.
UTIW: 7.11 (+0.02)
DSV Acquires UTi Worldwide Inc.
Thomson Reuters ONE - Fri Jan 22, 6:13AM CST
COPENHAGEN, Denmark, Jan. 22, 2016 (GLOBE NEWSWIRE) -- We are delighted to announce that DSV's acquisition of UTi Worldwide Inc. has now been completed with the approval of UTi shareholders and competition authorities.
UTIW: 7.11 (+0.02)
Belmond Set to Join the S&P SmallCap 600
PR Newswire - Wed Jan 20, 4:50PM CST
Belmond Ltd. (NYSE:BEL) will replace UTi Worldwide Inc. (NASD:UTIW) in the S&P SmallCap 600 after the close of trading on Friday, January 22. DSV A/S is acquiring UTi Worldwide in a deal expected to be completed on or about that date pending final conditions.
UTIW: 7.11 (+0.02), MHFI: 107.92 (+1.16), BEL: 11.33 (+0.16)
UTi Receives Final Required Antitrust Clearance for Merger With DSV
GlobeNewswire - Wed Jan 20, 12:03PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) announced that it had received antitrust clearance in South Africa for its previously announced acquisition by DSV A/S. The South African antitrust approval was the final required regulatory approval necessary for the consummation of the transaction. Upon completion of the transaction, each ordinary share of UTi Worldwide will be converted into the right to receive a cash payment of $7.10, without interest. The merger is expected to close on January 22, 2016.
UTIW: 7.11 (+0.02)
Global Digital Logistic Market 2015-2021 - Market is Expected to Grow Up to $14 Billion
M2 - Tue Jan 19, 8:06AM CST
Research and Markets (http://www.researchandmarkets.com/research/scfvt7/global_digital) has announced the addition of the "Global Digital Logistic Market, By Country (United States, Canada, India, China, Japan, United Kingdom), Company Profiles, Share, Trends, Analysis, Opportunities, Segmentation And Forecast 2015 - 2021" report to their offering. The major players discussed in the report include Advantech Corportion, Digilogistics, Hexaware Technologies, Ibm Corporation, SAP AG & Oracle. The adoption of digital logistics in enterprise operations has increased significantly in last few years. Digital logistics provides a competitive edge to the organizations by making the operational activities more flexible and cost effective. The growing number of e-commerce businesses has led to excessive big data generation and a huge online customer base. Thus, to serve the vast customer base, faster processing has come the need of the time. Also, the growing adoption of cloud services such as storage and analytics are expected to create huge potential for the market. Digital systems offers an effective management of organization's assets which include transportation management, manpower management, and material management. Digital logistics provide a cost effective way to manage operations and to fulfill increasing customer expectations. Thus, increasing adoption among various organizations and constant development and innovations in technologies are major factors accelerating the market growth. Investment in new technologies will be the winning strategy of most firms to cope up with the changing market dynamics and the challenging environment. The report segmented the global digital logistics market on the basis of systems, services, applications and region. The country level analysis of each geographical region is the USP of our report. The analysis of the report is based on various parameters such as Adoption rate of RFID among various enterprise, growing amount of big data across various industries, growing IT investments by organizations, growing ecommerce business, and so on. Key Topics Covered: 1. Executive summary 2. Market Overview 3. Sector Analysis 4. Market determinants 5. Market Segmentation 6. Geographical analysis 7. Company Profiling - Advantech Corportion - Digilogistics - Hexaware Technologies - IBM Corporation - JDA Software - Oracle - Samsung Electronics Co - SAP AG - Tech Mahindra - UTI Worldwide Inc - Cognizant - TCS - Infosys - Preactor - Centum - Aurionpro - HCL Tech - Nulogx - Numerex - Integration Point - Intellect Technologies - Cheetah Software Systems - LeanLogistics - LLamasoft - E2open - Elemica - Epicor Software - QuestaWeb - SciQuest For more information visit http://www.researchandmarkets.com/research/sc...al_digital
UTIW: 7.11 (+0.02), SAP: 88.47 (+0.50), IBM: 159.54 (+0.66), NMRX: 7.58 (+0.09)
UTi Shareholders Vote to Adopt Merger Agreement With DSV A/S
GlobeNewswire - Thu Jan 14, 1:24PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) announced that its shareholders, at a special shareholders meeting and subsequent special class meeting held earlier today, have overwhelmingly voted to adopt the previously announced merger agreement providing for the acquisition of UTi Worldwide Inc. by DSV A/S. Upon completion of the transaction, each ordinary share of UTi Worldwide will convert into the right to receive a cash payment of $7.10, without interest.
UTIW: 7.11 (+0.02)
The Road Ahead - Featured Research on MGIC Investment, UTi Worldwide, ZAGG INC. and New Home Company
ACCESSWIRE - Tue Dec 29, 7:20AM CST
NEW YORK, NY / ACCESSWIRE / December 29, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: MGIC Investment Corp. (NYSE: MTG), UTi Worldwide Inc. (NASDAQ: UTIW), ZAGG INC. (NASDAQ: ZAGG) and New Home Company Inc. (NYSE: NWHM). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
NWHM: 10.77 (-0.08), UTIW: 7.11 (+0.02), MTG: 8.11 (+0.02), ZAGG: 7.51 (+0.24)
BUYINS.NET: STO, BPT, UTIW, ARI, CO, PRXL Are Seasonally Ripe To Go Up In the Next Five Weeks
M2 - Thu Dec 10, 5:58AM CST
BUYINS.NET / www.squeezetrigger.com is monitoring the Seasonality of Statoil ASA (NYSE:STO), BP Prudhoe Bay Royalty Trust (NYSE:BPT), UTI WORLDWIDE INC (NASDAQ:UTIW), Apollo Commercial Real Estate Finance Inc (NYSE:ARI), China Cord Blood Corp (NYSE:CO), PAREXEL International Corp (NASDAQ
RXL) and each have a high seasonal probability to go Up in the next weeks. By identifying stocks that are poised to go up or down based on seasonal tendencies, traders can increase their odds of making money. SqueezeTrigger.com is able to analyze over 20 years of data in less than 1 second for any stock in the market and determine if the stock has a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias. The technology used to generate these predictions is available for a low monthly fee at: UTIW: 7.11 (+0.02), PRXL: 68.34 (+0.31), ARI: 16.48 (+0.18), BPT: 16.94 (-0.25), CO: 5.25 (-0.01), STO: 15.45 (-0.20)
Delivering Better Lives From Argentina to Zimbabwe
GlobeNewswire - Tue Dec 08, 7:01AM CST
UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions company, is proud to announce that its charitable foundation Delivering Better Lives (DBL) will be funding the building of a new Out Patients Department at Bwaila Hospital in Lilongwe, Malawi. The new department will make a substantial difference to doctors and nurses as well as the thousands of people who attend the hospital each week - many of whom currently have to wait outside, sometimes up to 12 hours, before being seen.
UTIW: 7.11 (+0.02)
UTi Introduces Multimodal Hubs for Faster Delivery
Thomson Reuters ONE - Tue Dec 01, 7:00AM CST
LONG BEACH, Calif., Dec. 1, 2015 (GLOBE NEWSWIRE) -- UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions provider has introduced new multimodal hubs in Kuala Lumpur and Ho Chi Minh City to tackle the challenges of static air cargo capacity and service its Worldwide Gateways in Europe and the USA.
UTIW: 7.11 (+0.02)
UTi Worldwide Sets Record Date and Special Meeting Dates and Will Disclose Fiscal 2016 Third Quarter Financial Results Via Form 10-Q
GlobeNewswire - Mon Nov 23, 3:05PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) today announced that its board of directors has established a record date and meeting date for the special shareholders meeting and special class meeting to approve and adopt the previously announced proposed acquisition of UTi by DSV A/S. UTi shareholders of record at the close of business on December 3, 2015 will be entitled to notice of the special meeting of all shareholders (including UTi's convertible preference shareholders voting on an as-converted basis) to be held on January 14, 2016, and also entitled to notice of the special class meeting of ordinary shareholders (excluding UTi's largest shareholder and the convertible preference shareholders voting on an as-converted basis) scheduled to be held immediately after the special shareholders meeting.
UTIW: 7.11 (+0.02)
UTi Wins Nexteer's Superior Customer Service Award
GlobeNewswire - Thu Nov 19, 7:00AM CST
UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions provider, has won Nexteer Automotive's Superior Customer Service Award. Nexteer, a global leader in advanced steering and driveline systems, made the award at their recent Annual Supplier Conference.
UTIW: 7.11 (+0.02)
UTi's New LCL Pharma Offering Sets Sail
GlobeNewswire - Tue Nov 17, 7:08AM CST
UTi Worldwide Inc. (Nasdaq:UTIW), a global supply chain services and solutions provider, has launched a new temperature-controlled partial shipping service for the pharmaceutical industry, the first to connect Belgium and Israel.
UTIW: 7.11 (+0.02)
UTi Worldwide Withdraws Its Financial Guidance
GlobeNewswire - Mon Nov 09, 5:09PM CST
UTi Worldwide Inc. (NASDAQ:UTIW) today announced that it is withdrawing the financial guidance provided on September 3, 2015 for all financial metrics and periods presented. Such financial guidance should no longer be relied upon as a representation of the Company's best estimate of future results. In light of the Company's announced transaction with DSV and the disclosures regarding the Company's recent financial performance as set forth in the preliminary proxy statement filed with the SEC earlier today, the Company will not be providing financial guidance for future periods.
UTIW: 7.11 (+0.02)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of UTi Worldwide, Inc.
BusinessWire - Wed Oct 14, 8:48PM CDT
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of UTi Worldwide, Inc. ("UTi Worldwide" or "the Company"
(Nasdaq: UTIW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Danish transport Company DSV ("DSV" . UTIW: 7.11 (+0.02)
UTi SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of UTi Worldwide Inc. (UTIW) Over the Proposed Sale of the Company to DSV
BusinessWire - Wed Oct 14, 10:16AM CDT
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of UTi Worldwide Inc. ("UTi" or the "Company"
(NasdaqGS:UTIW) for potential breaches of fiduciary duties in connection with the sale of the Company to DSV for approximately $1.35 billion in a cash transaction. UTIW: 7.11 (+0.02)
INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of UTi Worldwide Inc. And Encourages Investors To Contact The Firm For Additional Information
BusinessWire - Tue Oct 13, 4:55PM CDT
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of UTi Worldwide Inc. (Nasdaq: UTIW) ("UTi" or the "Company"
relating to the proposed buyout of the Company by Denmark based DSV. UTIW: 7.11 (+0.02)
WeissLaw LLP: UTi Worldwide Inc. Acquisition by The DSV Group May Not Be In The Best Interests of UTIW Shareholder
PR Newswire - Tue Oct 13, 12:43PM CDT
The fairness of the proposed acquisition of UTi Worldwide Inc. ("UTIW" or the "Company"
by The DSV Group is the subject of an investigation by WeissLaw LLP, a national class action, shareholder rights law firm. The investigation focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of UTIW for agreeing to sell the Company to DSV. On October 9, 2015, the Company announced it had reached a definitive agreement for DSV to acquire all outstanding shares of UTIW in a transaction valued at approximately $1.35 billion. Under the terms of the agreement, UTIW shareholders will receive $7.10 in cash for each UTIW share they own. UTIW: 7.11 (+0.02)
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