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ZURICH (Reuters) – The board of CEVA Logistics, the Swiss shipper, on Monday urged its shareholders not to sell shares following an offer by CMA CGM, saying the value of the activity is higher than the value of the activity. proposed.
"If the board of directors concluded that the offer price of 30 Swiss francs per CEVA share was reasonable from a financial point of view and that the offer offered a fair exit opportunity to shareholders wishing to receive money for their CEVA shares, he recommended the belief that shareholders could achieve greater value with their ongoing investment, "said CEVA Logistics in a statement.
CMA CGM was not immediately available for comment.
Reportage of John Miller; Additional report by Inti Landauro; Edited by Maria Sheahan
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